No Simulators in Xcode 12.01

Hi all,
I've been searching around online all morning and can't find a solution to my problem. I can't get any simulators to start for iOS. I'm just learning but this seems like basic step to get hung up on. I keep getting this error when trying to add a sim:
"Could not create iPhone XR, unable to access default device set".

I also get this error in xcrun simctl list:
xcrun simctl list

2020-10-20 08:31:56.429 simctl[1427:54587] Error Domain=com.apple.CoreSimulator.SimError Code=400 "Unable to determine SimDeviceSet, setpath=(null)" UserInfo={NSLocalizedDescription=Unable to determine SimDeviceSet, setpath=(null), NSUnderlyingError=0x7fa699c19130 {Error Domain=NSPOSIXErrorDomain Code=12 "Cannot allocate memory" UserInfo={NSLocalizedFailureReason=Allocation or initialization failed., NSLocalizedDescription=Failed to initialize simulator device set.}}}

Unable to locate device set: Error Domain=com.apple.CoreSimulator.SimError Code=400 "Failed to initialize simulator device set." UserInfo={NSLocalizedFailureReason=Failed to subscribe to notifications from CoreSimulatorService., NSLocalizedDescription=Failed to initialize simulator device set., NSUnderlyingError=0x7fa699c1db60 {Error Domain=com.apple.CoreSimulator.SimError Code=400 "Unable to determine SimDeviceSet, setpath=(null)" UserInfo={NSLocalizedDescription=Unable to determine SimDeviceSet, setpath=(null), NSUnderlyingError=0x7fa699c19130 {Error Domain=NSPOSIXErrorDomain Code=12 "Cannot allocate memory" UserInfo={NSLocalizedFailureReason=Allocation or initialization failed., NSLocalizedDescription=Failed to initialize simulator device set.}}}}}
I encountered the same issues and, in my case, the problem turned out to be that I had relocated ~/Library/Developer to an external volume. I'm assuming it is some kind of permission issue, but did not investigate further since removing the symbolic link fixed the problem.
No Simulators in Xcode 12.01
 
 
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