The problem is that your parents go to every community meeting and get all the housing projects shut down to prevent "greedy developers". That's been happening consistently since the 70s.
The knock-on effects of Amazon moving in included a flurry of real estate speculation which directly led to the closing of a restaurant that had been continuously operating for over a decade and close family losing their job there they had worked since its beginning.
I firmly lay the blame of this wanton appropriation at the hands of the tech companies. Amazon didn't need to move directly into the heart of Seattle: they could have done as Microsoft and moved next door to Redmond. But hey, eff the residents who grew up there, right?
I have a great little story of a waiter who had lived in his apartment in the Belltown neighborhood for many years: somebody had come in to look at apartments for all the new tech hires. Person is getting the tour of a unit, pauses to look around at all the other units, "Great, we'll take it!" It was every unit in the building including the occupied. Waiter got the boot.
Seattle had and continues to hold onto the cultural evil of the "Seattle Freeze" but I sure do miss the music and to hear the punky cries of Alice Glass: "Down, down, cities fall down on me."
I didn't say that. I literally said they are "forced out due to rising costs".
I am all for tech workers moving to the bay area if it suits them. What I don't like, is tech workers who show up and then just complain about how much they hate it here. If you don't like it here, either leave or get involved with your community and help us fix things (including YIMBY, which all of my friends and family support, for the record).
Tokyo, Vienna, Singapore are examples of cities with good housing policies. Although for Vienna's to get started all the landlords had to die in WW1, and then the planners died in WW2.