I think it ultimately boils down to what future does Silicon Valley want for itself. The Silicon Valley may be ideal for the top 10% of developers, who benefit

I think it ultimately boils down to what future does Silicon Valley want for itself. The Silicon Valley may be ideal for the top 10% of developers, who benefit from compensation that is high enough to be able to afford to live in central locations in Silicon Valley. But what about the remaining 90%? What about those who don't work for FAANGs, unicorns, or VC-funded high-growth startups? They will eventually have to leave as they won't be able to keep up with the ever-rising cost of living here, but will Silicon Valley still be an innovative place in their absence? Will those remaining in Silicon Valley want to strike it out on their own, or will they play it safe in order for them to afford their housing costs? Will pushing out the other 90% of developers led to missed opportunities by VCs, who may turn down an unconventional business idea that may turn out to be the next huge, lucrative industry? That's why I believe Silicon Valley should address its housing problems; its engine of innovation may be threatened if large amounts of engineers leave for cheaper places where they can afford to take risks and where they can afford to work for other types of companies.