100% agreed. It won't end well, and politicians being politicians (and voters being voters), we're going to continue this mad show as long as possible, ensuing we get the worst possible outcome here.
The weird bit is that San Francisco prices make more sense than where I grew up (suburban New Zealand). Sure a house in SF might cost $1.2m but two people working in tech can expect to make $250-300k all in by their early thirties. That's only $200k more than a house in New Zealand, but you're working with an income that's easily 2x the size.
A $250K household income is on the 96 percentile for San Francisco. Working in tech gives us a slightly warped perspective.
Moving from Britain to the US I've seen the income of my profession as a software engineer move from the 75th to 90th percentile and the variance of the income distribution widen so an income of the 90th percentile earns 2.6x rather than 2.0x the median. We're far richer here than we were at home.
The weird bit is that San Francisco prices make more sense than where I grew up (suburban New Zealand). Sure a house in SF might cost $1.2m but two people working in tech can expect to make $250-300k all in by their early thirties. That's only $200k more than a house in New Zealand, but you're working with an income that's easily 2x the size.