It’s California. That’s what they voted for; that’s what they get.
I have observed that the harder it is to get out of something, the less people are willing to get in it. Stocks are attractive because you can easily liquidate, you don’t have to go through any closing process. Same with job. If you make it hard to fire people, you will find that employers are reluctant to hire new people. Or take this case. If you can’t get rid of a bad tenant, fewer property owners are willing to rent out available space. And they wonder why there is a homeless problem.