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by charlesdm 3149 days ago
There is a clear issue if even well paid professionals (e.g. people on $150 to 300k a year) are having issues purchasing properties.
1 comments

Then paid professionals should stop moving there, and home prices will equilibrate.
When good jobs of a certain industry are concentrated to such a small area of the country, "stop moving there" really isn't much of an option. We need to find a way to spread the jobs out a bit, because it should be obvious that the companies employing those professionals have no incentive to do so without outside intervention.
They're really not that concentrated. The idea that, if you're in a tech-related field, your life is effectively over if you don't move to the Bay area is complete nonsense.
Alternatively, increase supply.