I'm surprised the tech industry hasn't lobbied more for pro-growth, or wielded enough influence to relax zoning restrictions. The Bay Area is slowly losing its stronghold to cheaper cities as it becomes unviable as a place for technologists to start families, etc. The state of California will lose its tax base as high-paying jobs move to other cities out-of-state. There's a lot of losers with housing policy left as it is.
It's eating itself. The thing that makes Bay Area property so valuable (many prominent companies co-located) is going to end without more housing.