Sierra Club discovers the law of Supply and Demand

The Sierra Club has spent considerable effort fighting against development in San Francisco. Most recently, they endorsed Measure I, which would impose a housing moratorium in the Mission District.

And guess what happens when development is curtailed:

After 124 years in San Francisco, the Sierra Club is moving its headquarters across the Bay to Oakland because of rising rents in The City. The nonprofit on Thursday announced its headquarters will move from its current site at 85 2nd St. in San Francisco to 2101 Webster St. in Oakland in May 2016, after learning the group faced an annual rent hike of more than $1.5 million, said John Rizzo, political chair of the club’s San Francisco Bay Chapter.