You also missed the fact that cities like LA, San Francisco etc have a shortage of affordable housing because of state and city zoning and other regulations making it very expensive to build as well as a profound NIMBY-ist hypocrisy of the populace who regularly vote down proposals to build multi-family/multi-unit dwellings in those areas. They decry the lack of affordable housing but then block construction of said housing in their own neighborhoods.
You also missed the fact that cities like LA, San Francisco etc have a shortage of affordable housing because of state and city zoning and other regulations making it very expensive to build as well as a profound NIMBY-ist hypocrisy of the populace who regularly vote down proposals to build multi-family/multi-unit dwellings in those areas. They decry the lack of affordable housing but then block construction of said housing in their own neighborhoods.