And on a city level, the history of San Francisco itself is filled with spectacular boom times followed by spectacular bust times. For me, a perspective shift w

And on a city level, the history of San Francisco itself is filled with spectacular boom times followed by spectacular bust times. For me, a perspective shift was reading Season of the Witch by David Talbot, chronicling the boom/bust of the 1960s-1980s. Declaring the end of SF/Bay Area is a long-standing tradition, and yet the region always finds a way, in part because of the fundamentals you mentioned.