No, it is not. SF problem can be fixed with a few blocks. A 35 stories building with 1 bed-room condos can host up to 700-1000 persons. I'd bet lots of SF tech developers will opt for a very small high tech condo with amenities (pool, gym, library...) than the crap that is right now.
Say you build a hundred of these. That's 100K person and more than 10% of the population of San Fransisco. You plot the land 10 miles south of the downtown. You make a fast, efficient and new subway that connect from the plot to the downtown.
It is easy considering that the Chinese, Korean, and Japanese are doing it everyday. SF has the money, land and tech to do it.