Nerdwallet has a rent vs buy calculator you can use. It still makes sense to buy in the Bay area if you can afford the payment. Break even is about 6 years on

Nerdwallet has a rent vs buy calculator you can use. It still makes sense to buy in the Bay area if you can afford the payment. Break even is about 6 years on buy vs rent. 2 million dollar house with 20% down vs ~10-14k in rent for the equivalent.