I think you might be barking up the wrong tree here since I just rent a very modest apartment here and I’m not going to ever buy a property, nor vote against any housing shortage policies. My suggestion was purely practical.
But what would you expect exactly? The Bay Area has a massive marketing machine that screams to the world: “come here, make big bucks quickly and easily!”, which is true. Do you expect people not to take that bargain? People will always be looking to improve their situation, I came from the other side of the world just like many others.
It should be up to the government to either limit the inflow of people (via immigration control or other means), massively increase housing inventory or any other solution (I’m not an economist so I don’t know what’s the right one).
The condo you listed just sold for less than its last 2019 sale value when accounting for the massive inflation rate of these past 5 years. Thinking that it was a bubble-driven price is really not the right attitude, in my opinion. It’s how much it’s worth, and the market confirmed it.