[sourdesi]

I think you’ve misinterpreted the map. The yellow regions in the map are the ones that are actually undervalued relative to local incomes. SF/Bay Area is one of the few regions on the map that is yellow.

It does point out, however, that tech hubs are still struggling due to reasons other than local affordability:

1) higher cost homes are more rate sensitive

2) tech companies and their corresponding stock compensation are experiencing a downturn

3) tech companies have leaned in to remote work more than in other industries, which means employees don’t need to stay in expensive tech hubs for their career opportunities. (this is from my own understanding of the market, not the article. Also, I personally think there’s still some career networking benefits being located near a tech hub)