This feels more the fault of local government that just lets large tech companies have their way.

If you read this: https://blogs.microsoft.com/?p=52550473

you'll see that their post does not mention the housing situation at all. I wonder where they will find all the non-engineers and execs - the janitors, the guards, the cooks, the receptionists - who are being pushed out by every acre that gets taken over by Apple/Google/MSFT.