Growing up on the East Coast, I was confused when I first visited the Valley and learned about how expensive housing is. People that don't work for big tech companies can't afford to live here anymore and even workers just starting out at Google are spending >30% of their income on housing. I'm afraid of what that means.

I was actually being sarcastic, I think this is a really bad idea. Sorry man, I see that you're one of the cofounders, I just don't believe this is will help the situation at all. Fwiw I lived for several months in SF, in the tenderloin, stacked in a room usually with at least four, sometimes five other people.