[Konnstann]

First of all, they probably wouldn't make as much, at least at entry level, if cost of living wasn't so high. Second, the silicon valley ecosystem isn't even mostly populated by developers, the rest of the people making below median household income need places to live too. The housing problem isn't a "rich millennial vs rich boomer" scenario, it's "rich boomer vs literally everyone else". Maybe if they had to pay property taxes on the current value of their property they'd move somewhere else, and we wouldn't have this issue.