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Because there's not the same dynamic at work in other metro areas, like those cited, where real estate prices are also ramping higher.

Are you sure? Have you looked at population growth vs. housing growth in those areas, or how restrictive the zoning is?

Absolutely. Take a look at Sacramento's real estate / rental prices.

And the percent housing unit growth versus percent population growth is..?

And I'm pretty sure low density zoning is in effect in every city in CA.

Yes, Sac’s a great example of a city that is largely in line with housing costs versus median salary increases.