It was really starting to get hosed when I lived there from 1998-2000. I’m in the Video Game Industry so I have lots of friends out there int he Bay area who kept me updated with the drip, drip, then gush and then torrent of stupidity. The last 5 years have begun the death spiral. My whole industry is in the process of packing up and moving to Austin, TX.
The biggest driver for that move is housing prices - housing prices are so high employers need to pay correspondingly high wages to keep talent. The only fix to that problem is to build more housing.
But even here, a place that gets why the free market is the cornerstone of civilization, is overrun are NIMBYs who think we should use government power to zone everything single-family only.
Austin will end up in the same housing price death spiral as Portland unless it is willing to build large amounts of dense housing to accommodate the growing tech scene.
So what you're saying is Texas is next, huh?