We must be living in a different place.
Childcare, Healthcare, Education and Housing have experienced huge inflation.
A home in the bay area was 700,000 in 2008. Today you can't find anything for less than 1.2 million.
When this inflation hits the economy what will a home cost? What will education cost?
Isn't it more likely that the price rises in Bay area property have been compensated for in other areas and sectors?