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I’m also keen on this question. Seems like there’s a broad vested interest in maintaining a scarcity of housing supply. Is there a compromise that can keep homeowners mostly profitable while allowing for others to get reasonable rents / purchase prices?

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There is no such compromise. High and rising house prices are inherently incompatible with low and flat housing prices. These are two counterparties on opposite sides of the same market.

If housing prices don't go up, landlords make profits from rents rather than appreciation. Currently in SF, if housing wasn't appreciating, landlords would demand a greater percentage of the purchase price from renters, or house values would stabilize at a lower point where rent receipts are enough to make a reasonable return.

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