No. At least the ones I've heard from, they want employees of companies in the South Bay and Peninsula to live outside of San Francisco. They believe that the mass influx of money is driving long time residents out, and that building more housing is the wrong solution. I remember reading one article that suggested there should be a wait list to get to live in the city.
Right, and that simply does not work in a free country. These people moved to SF a while back, but they still displaced the local culture that was before them, and now they are settled in and they think they rightfully own the place. The draconian zoning laws and anti-development sentiment is only gonna hurt these people more, since the cost of living is being driven up artificially and the people they are trying to ward off are gonna move in no matter what.
Reminds me of this story posted by moxie[0] a while back:
There's an old wobbly story: A wobbly was riding a freight train across the midwest one summer, in between jobs. The train sided out in the middle of nowhere, and it was scorching hot, so the wobbly got off the train and started walking down a dirt road.
After a couple of miles, the road passed by an apple orchard. The wobbly hopped over the fence, and sat down to rest under the shade of a big apple tree.
The wobbly sat there enjoying the shade for 20 minutes, until a farmer came across him. "You can't be here!" exclaimed the farmer, "This is my land!"
The wobbly looked up at the farmer and asked "Really? What makes it your land?"
"What are you talking about you dirty tramp, I inherited it from my father!" replied the farmer, almost bewildered at such an indignant question.
"Hmm, and what made it his land?" asked the wobbly.
"Why, he inherited it from his father!" replied the farmer, now really angry. "It's been in my family for three generations!"
"And what made it your grandfather's land?" asked the wobbly.
The farmer, now barely able to contain himself, yelled proudly "Why! My grandpappy fought the indians for it!"
The wobbly nodded, stood up, pulled back his sleeves, and replied "Uh huh. Then I'll fight you for it, right now."
Exactly, the people who are against building new housing are the people who already own houses, and there is obvious "I've got mine, so fuck you" attitude at work here. It's wonderful for them that the housing price gets artificially inflated and they can then rent out their 2 bedroom small condo for $5k a month.