San Francisco home prices have increased approximately 2.5 to 2.6 times over the past 25 years after adjusting for inflation [1]. Nominal prices in San Francisco grew by over four‑fold in 25 years.

I bet the reason for this rule that house price in SF are finally in step with inflation.

Anyway Im not against doing this but let’s be honest here: this is going to make houses just less affordable. The are some benefits of this rule but affordability is not the one.

[1] https://www.redfin.com/city/17151/CA/San-Francisco/housing-m...