It’s really not though, you just can’t have a 4000sq foot house here, you get a 1000sq ft apartment or you commute in. 200k income won’t buy you a nice house in Austin or Miami without a commute either.
Maybe that is what they want? People coming to Cali to burn their passion and youth, fueling the economy. Then they get a bit of savings if they rent and live like crap for a few years and jump companies to somewhere more affordable.
Because honestly, unless you hit it big somehow or already have a house in SF before, I don't see how an average salaried worker can afford a family home there. Settle down and making a new family is just near impossible.
Yeah, all the tech leaders freaking out about low birth rates (especially among the highly skilled) are supporting an economy that is structurally hostile to family formation among those people.
