Software developers these days can move to many other major cities and find a job instantly. They are in very high demand. They don't have to live in the Silicon Valley area and pay 3x the price for rent.
If I was a property investor, I wouldn't want to build properties there either. The risk would be extremely high that property values are going to come crashing back down to reality at some point. There is a serious property value bubble out there.
If I was a property investor, I wouldn't want to build properties there either. The risk would be extremely high that property values are going to come crashing back down to reality at some point. There is a serious property value bubble out there.