Just saw a tv report claiming that the recent raft of tech ipos will cause yet another 50% increase in San Francisco housing costs over then next several years.
My son-in-law just moved from Seattle to a Louisville suburb, where the cost of living is substantially lower.
He works from home full time at his same job. Seattle wages in Louisville. Just wait until a lot of Silicone valley companies start availing themselves to WebEx, Zoom, VPN and VDI for full time. A LOT of people will move to the “sticks”, like I did 8 years ago. Best move I ever made.
Those comps will eventually move out of Calipornia when they can’t attract any new talent willing to work for peanuts and life in a camper.