I'm from Santa Clara, and "affordable" is an extremely relative notion. Silicon Valley itself isn't much cheaper than San Francisco. Berkeley, Oakland and East Palo Alto are not in Silicon Valley. And frankly, they're not as cheap now as they were even 18 months ago. It's still possible to get a one-bedroom apartment for $1000 a month if you look around hard enough, but it's almost certainly going to be small and old.
The big issue is that right now, $1200, even $1300 a month for a one-bedroom apartment in this area would seem quite reasonable, even a bargain. That's banana crazypants. In Sacramento you could get a two-bedroom, one-bath place with all the amenities for under $900 a month without looking too hard. That means that if you were able to telecommute three days a week -- maybe even just two -- it would cost you less to live in Sacramento and take the Capitol Corridor train in to San Francisco on your office days than it would to live pretty much anywhere in the Bay Area.
I'm not advocating that (the thought has clearly occurred to me, but I have too many friends here in SV to want to make getting to them that difficult), but I think it points to a genuine problem with the local economy. The median housing costs across the Bay Area show an implicit assumption that everybody is making Big Tech Money, but they're not -- and some areas are starting to get too expensive even for the people who are making top dollar. This just isn't a sustainable mix.
The big issue is that right now, $1200, even $1300 a month for a one-bedroom apartment in this area would seem quite reasonable, even a bargain. That's banana crazypants. In Sacramento you could get a two-bedroom, one-bath place with all the amenities for under $900 a month without looking too hard. That means that if you were able to telecommute three days a week -- maybe even just two -- it would cost you less to live in Sacramento and take the Capitol Corridor train in to San Francisco on your office days than it would to live pretty much anywhere in the Bay Area.
I'm not advocating that (the thought has clearly occurred to me, but I have too many friends here in SV to want to make getting to them that difficult), but I think it points to a genuine problem with the local economy. The median housing costs across the Bay Area show an implicit assumption that everybody is making Big Tech Money, but they're not -- and some areas are starting to get too expensive even for the people who are making top dollar. This just isn't a sustainable mix.