I think what he means is: Some SF companies pay very large compensation packages so that their engineers can afford to purchase homes. I don't think this is tr

I think what he means is: Some SF companies pay very large compensation packages so that their engineers can afford to purchase homes. I don't think this is true. There are only a handful of companies that pay $500k+ TC for senior+ engineers. The vast majority of companies top out at $250k, be it F500 or startups (not including their worthless "equity"). You can't afford a home, on your own, at $250k in the Bay Area. Realistically you need $500k+.