[closeparen]

San Francisco would like housing to remain scarce but be allocated to its favorite people, who are quite distinct from those with the highest ability to pay. This part is best achieved by an immigration policy. But that’s not allowed, so they’re stuck with imperfect substitutes. We can protect our favorite people from displacement, but it’s harder to make homes that change hands flow to them vs. tech workers.

[Dracophoenix]

I'm sorry I don't follow this point. Who exactly are these "favorite people" exactly, and how does California expect these "favorite people" to, overlaps notwithstanding, compete with those with the highest ability to pay all while being able to keep the state budget in tact?

[kodah]

What are "favorite people"? I can't find any way to see this phrase in a positive light.

[closeparen]

The influx of relatively privileged, relatively boring tech workers is seen as destroying the city's unique value as a haven for counterculture, artists, activists, LGBTQ, etc. A common complaint is that "mainstream" people want to move here because those things make the city special, but in doing so they cause a regression to the mean.