Riddle: What do you get when you combine great weather and great social welfare programs that make it feasible to live outdoors with a housing inventory that isn't nearly sufficient to accommodate the throngs of people who want to live in the same place?
Geographically, it is arguably the best place on earth. They didn't need to make it easy to live there. Everyone, from the bums to the entrepreneurs and artists, would've come regardless. It would've been crowded regardless. But then you went and lavished free social welfare programs on the bums and blew out the fuse box.
The land will win. California will come back (until it falls into the Pacific, of course), but in the meantime, criminy: what were you thinking?