Yes, it is an issue that SF doesn't have affordable housing. Any price increase by requiring induction stovetops is a rounding error compared to inflation, or is an excuse for greedy landlords to increase rents heavily.
Also, any desirable part of the country with jobs is facing a housing affordability crisis. High rents are caused by greedy landlords and the protections given to them by the government, not because of regulation requiring them to spend a little bit more on an electric range.