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From personal experience in the bay:

Everyone is renting. Ok, I have one friend thinking of buying a house in Oakland since he grew up in in NorCal and wants to stay here.

Almost everyone has roommates (if they're single), or lives somewhere less convenient (if they're not).

Some people are skating by on rent control (still jealous of my friend's room in the mission for 1k/month).

Some people are burning through their income to fund a nice place but most people are saving their money.

personally I'm not sure how long I'll stay in the bay, so I'm not looking at buying anything atm since prices do seem insane. Seems reasonable for me to save my money while I'm young and my costs are low, seeing what the future brings.



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