The higher taxes mentioned would be a demand side tactic. We could also address the root cause and not just the symptoms. The high paying jobs are one of the biggest things bringing people in. The city could create policies that make other locations more attractive for businesses to create those jobs, thus decreasing demand in the areas with the problem.

I do understand that many of the incentives are backwards, so higher taxes, policies to move jobs, etc are all difficult to handle. But I also think that building more high density housing isn't really going to fix anything. In my view, many of the people in this sort of situation chose to be - they could take jobs in other cities but the group-think says they need to be in SV and working for FAANG to be successful. Not to mention that many want a single family home with amenities to come with that.