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It's pretty commonly accepted that the housing issue is caused by restrictions on building new housing. It's been Democratic leaders like Scott Weiner and Gavin Newsom that have been pushing hard to remove these restrictions. Trump's party on the other hand has been actively fighting against this, calling it some kind of war on the suburbs.
However, I get the impression that being priced out isn't what you (or the original poster) are mainly focused on here, rather this demographic change. Well, that's easy to address---contrary to what you might think if you spend a lot of time in places like this forum, most Americans and definitely most Californians care that people have similar values and ideals as them rather than that they look superficially similar. "Why aren't more people being radicalized because my personal and unpopular aesthetic preference isn't being satisfied?"---that question answers itself.
I don’t think that’s a fair statement if the belligerents here.
One can support exclusionary zoning and still make building easier compared to the status quo ante (there are a million ways to cut red tape besides allowing multiple family building in single family zones — some of them are indirect). Also one can support ending exclusionary zoning without making building easier (eg 80% of units must be affordable).
Not sure which way it all cuts.
There are two reasons why I think the description is fair
The honest rhetoric is “you don’t want a bunch of poors (largely black) underclass to move into your neighborhood making it crime ridden, destroying the schools, and crushing property values.”
That is different from “my home value decreased a little because there is more inventory because there is more building.”
The first thing is a catastrophe as it kills your investment and lifestyle. The second is a minor nuisance that on balance may be positive to you.
I don't want my neighborhood torn down to make 5-over-ones packed full of 300 square foot apartments for NEETs even if they don't cause crime and make property values go up.
Except the actual regulations in question are often things like ‘allow duplexes and triplexes in single family zones’, which NEETS will not be living in except as a dependent, and they could easily live as dependents in single family homes as is the stereotype.
Few people want to build the Kowloon walled city.
That's just the start, the foot in the door. As @Tomato said, "the entire sunset district could look like Manhattan".
I just don’t think you should be able to tell your neighbor what he can do on his land.
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