there could also be another crash. That would bring real estate prices down.
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it's really not that conceptually complicated. The entire Anglo-American-Australian-Canadian housing system works this way. It's just that it's so deep, and so embedded culturally and legally over literally hundreds of years that it's hard to change.
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Smaller steps that could help: Area specific plans, transit oriented development funding, more rental assistance https://www.bizjournals.com/sanfrancisco/news/2016/10/11/bay-area-affordable-housing-solutions-crisis.html … Also the state just passed housing bills, most in years https://www.modernluxury.com/san-francisco/story/the-housing-caucus …
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