> it's barely got a midwestern suburb's level of density.
Is true.
SF really has a perfect storm for real estate hyperinflation: high paying jobs, NIMBY attitudes that can be summarized as “keep everything like it was in 1972,” opposition to transit links to less constrained areas, and geographic constraints.
I don't see how that is relevant.
> SF really has a perfect storm for real estate hyperinflation: high paying jobs, NIMBY attitudes that can be summarized as “keep everything like it was in 1972,” opposition to transit links to less constrained areas, and geographic constraints.
It also has nice weather and has been a desirable trainhopping destination since the late 19th century.
Given the cost of nearby areas, I'm not sure transit links would help out much, if anything the city and surrounding areas would become even more desirable, pushing prices up further. HK has much of the same problems (in terms of geographic constraints) and has a nice transit system to get around that, but it hasn't moved the needle much on affordability. Things get a little better in the rest of the Bay Area, but no one would call Shenzhen affordable.