As someone who owns shares at a company preparing to IPO, all I can say is I'm at least fortunate to have a stake in the massive asset bubble. The last thing I'll be doing is buying a house in the Bay Area though.
Back in the 80s there was a brief window where treasury bills hit close to 15% and that’s because they were thought to be suspect.
Perhaps we should get back to rationality and start suspecting that massive deficits and printing Monopoly money isn’t so good for the future.
The two are actually interrelated. Lots of people of amassed an incredible amount of wealth from the housing market in the bay area and is largely due to wealth generated from tech (which then trickles down to lawyers, real estate agents, etc). I'm not sure why you think the one (tech companies) is an easy "all-in" and the other one is completely (real estate) "hands-off". I would think most people would think the opposite, since real estate has a much more tangible asset to realize.
There’s so much more leverage regarding engineering compensation in the Bay Area.
Keep housing a spending relatively in check, and you’ll accumulate savings the Midwest could only dream of.
Edit: Sine apparently it doesn't go without saying, for a great many people (dare I say majority) career advancement (and the compensation that comes with it) is the most practical path to a happy life.