I think this is the exact reason why government should intervene - the market solution doesn’t work. Unfortunately so many government policies are working to make housing scarce and creating the problem in the first place.
The Market solution is working. The fools who are willing to put up with this behavior and the Bay Area are being parted with their money. It is not long-term pain - It is short term pain repeated many times by many fools.
100%. This doesn’t get fixed otherwise. It’s predatory. It’s basically the storage unit model applied to housing.
Government is how we got into this mess by limiting the supply of housing through zoning.
Allow people to build up the unit in their backyard or in their garage and you'll unlock a whole new section of housing supply that will drive the bottom of the market down