I really don't care if people cannot afford the mortgages associated with living in this overly inflated California housing bubble by Silicon Valley. If they don't make enough for their mortgage, it is not up to the taxpayers to subsidize them. Let them telecommute or commute 40 or more miles a day from a home they can afford, if that's their choice. Bottom line is that this robbing Peter to subsidize Paul is WRONG on all levels. It is not government's job to fund the equivalent of Section 8 housing for middle and upper middle class people.
Maybe Palo Alto could use what I call the George Clooney Program. Basically the rich have large homes with many empty bedrooms. So let's fill up those empty bedrooms George! Solves the problem.