Rents are falling as well. It would probably be better for the Bay Area in the long term if both salaries and cost of living cooled down to be a little more san

Rents are falling as well. It would probably be better for the Bay Area in the long term if both salaries and cost of living cooled down to be a little more sane and at least a little bit comparable to the rest of the country. If I were to guess, a whole lot of the tech industry figured out that they don’t really need their employees to by physically located in the Bay Area and they can save a boatload on costs that way. There used to be a benefit to having physical connection in an industry among professionals but I think that has been replaced by robust online chat software and comminities, dirt cheap flights for conferences and meetups, and other shifts away from the importance of physical presence. https://www.sfgate.com/realestate/article/bay-area-rental-prices-down-18374454.php https://www.sfgate.com/realestate/article/bay-area-rental-pr...