In this case two wrongs may not make a right, but at least it shares some pain with the rent-seeking property owning class and may in time cause them to accept change.
It's a bit fatalistic but if we're going down anyway, we're going down together!
If they are making less money, they certainly won't allow more construction to deflate prices even further. Rent is already below mortgage in California, so I am not sure what kind of deal people are looking for. As others have said here in various ways, it seems more like lashing out at someone because it sucks life is so expensive where you live rather than dealing with the root causes.
