Geez those amounts are incredible.
For those prices I can see relocating to a cheaper area.
For those prices, you could buy an upscale home somewhere else, and still have money to go back to visit the bay area several times a year, if so inclined to come back to visit family and friends, and visit favorite places in your old hometown.
It's a mixed bag, pros and cons. Once you move away, it becomes extremely hard to come back. We stuck around because of family, and the need to take care of elders and doing babysitting. Our property continually rose in value, which we own free and clear. If we were to move to another area, there would be a reset of property taxes.
Some of our siblings moved away from the city to get cheaper housing, but so did criminals and gangs and the cheaper locations are not ideal for living - but they can't come back because the prices here rise faster and higher than where they moved. Our oldest daughter moved to Iowa. She and her family will be visiting us this month and staying at our home while they visit friends - hotels and rentals are too expensive. Des Moines property is a fifth or less of property costs here, and is nice and safe. Other locations in the SF East Bay that are cheaper, are not so nice or safe.