On: Construction has kept rent in Chongqing, China to ...

[throwaway2048]

there is much more pent up demand than that, even 100k units wouldn't budge prices much.

[andrewem → throwaway2048]

As a rough estimate, Wikipedia says the SF area's population is roughly 8-9 million, depending on how you count. If you assume that each new unit would house 2 people, that's enough to house about 2% of the current population. (I have no idea how to estimate the effect of that on prices.)