[slothario]

Or enough people never move there.

I recommend every CS graduate move to a city like Austin. Austin is a great city at a reasonable cost-of-living.

I don't see why you'd want to start a family and set up roots in a place where property values will eat you alive. You can have a similar programming career in a place where you can actually afford a decent house on a junior dev salary.

Personally, I graduated from a top CS school and I'm in Houston (due to family reasons). I do not envy my peers who went to Silicon Valley.