> Any examination of the housing woes in SF will reveal multiple factors, playing out over decades.
Is "new money" more or less significant than zoning restrictions? [0] If it's less significant, is it so much less significant as to be nearly insignificant when compared to the effect of zoning restrictions? (Spoiler alert: I expect that it is.)
[0] Restrictions which include the ability of SF residents to effectively veto new development that they don't want to happen, for whatever reason.
But an article which attempts to explain the SF housing situation by listing just two factors (ignoring several other very obvious factors of equal or greater weight) -- just doesn't seem to explain very much.
Any examination of the housing woes in SF will reveal multiple factors, playing out over decades. And yes, "new money" is definitely one of them.