This is not a new idea, and you are correct.I’ve been thinking about this a lot lately. SF and Marin where I’ve worked and lived my whole life has become inundated with cash from tech and other young professionals pushing home prices to a point where where anything less than 200k for a household is a struggle. Service workers are coming from further and further away to work. There has to be some tipping point where these service jobs can’t be fulfilled as people find work closer to their residence. The only solution I see is every other industry raising prices to create a balance.
Other people have been saying this for decades.
As not to derail, that's as far as I'll comment in that regard.