I would argue the opposite, SF is expensive in spite of the incomes (consider across the board instead of just programmers).<p>I&#x27;m willing to bet if you were to map the relative rate of increase of income vs. property values over time that you would see that property values are increasing at a much higher rate than income.<p>I earn what could be considered a good salary, there&#x27;s less than zero chance in hell that I could afford property in Marin today short of winning the lottery or massive liquidity event.