And, only the “elite” can afford to live in SF.
My son just moved to a new location, still within SF. His new home has 1400 sq ft with very little yard, if any. He pays 3x the amount for his rent that I pay for the mortgage on my 3100 sq ft home on 1-1/2 acres. But hey, he has so many places to shop and eat out where he lives, and there’s a decent transit system when he doesn’t want to drive himself. I don’t have to deal with big city traffic unless I want to (and I usually don’t). To each his own, I guess.