Yes, SF is a special kind of stupid.<p>It still is about 70% rent control, if I remember correctly. So, even before construction capacity&#x2F;permit issues, 100% of the people who want to move to SF are competing on price for 30% of the inventory. Naturally, the people willing to pay the most for those units get them, so you get massive rent inflation and huge incentives to cater to the luxury market.