Only in the short to medium term... the characteristics which make SF an attractive place to live (just like NYC) are resilient and sticky.
If you consider a post-covid world 5 years from now, do you think that SF with it's museums, bars, restaurants, and proximity to nature will be an unattractive place to live?
Do you think that remote-first/remote-only companies where the majority of employees are outside of the bay area will be as competitive with startups which follow a more traditional model in silicon valley?
Both are things I wouldn't bet on. This is a blip. It could be a major blip, but it's a blip nonetheless and those who are betting in the complete other direction are likely to get burned.
If you consider a post-covid world 5 years from now, do you think that SF with it's museums, bars, restaurants, and proximity to nature will be an unattractive place to live?
Do you think that remote-first/remote-only companies where the majority of employees are outside of the bay area will be as competitive with startups which follow a more traditional model in silicon valley?
Both are things I wouldn't bet on. This is a blip. It could be a major blip, but it's a blip nonetheless and those who are betting in the complete other direction are likely to get burned.