[ZanyProgrammer]

"You have to decide, do I want to drastically overpay for where I live to be close to SF?"

Of course, if you make good tech money (say, anything over 200K) then its a moot issue-you can overpay for ridiculously priced 1-2 bedroom apartments, and still have money left over to save/indulge with.

[ryandrake]

That's only true for the small number of outliers who make that much. For the rest of us, there's Gilroy and Santa Cruz and Livermore.