Silicon Valley North? Um, no. One of the major issues is convincing top talent to move here. They won't because housing is completely out of reach for most especially if you have kids. Most are unwilling to pay 900K for a house. If they are going to pay that much, they would prefer Cupertino or Redmond. 

A number of  engineering graduates from local universities are facing the same issues in terms of housing as when they were students. Some recently graduated engineers I know still live at home with their boomer parents due to lack of affordability and availability.  Of course, they can choose to live in a closet for  $1700 a month. Another option is to live elsewhere as suggested by many of the complacent people who cashed in on the housing lottery. The same people who complain they can't find a doctor since young doctors aren't moving here either.