That said, I am a developer and live with my family about 45min public transit-only commute away. I've done the driving thing, I love reading too much to give that time away. My kids and my wife much prefer not living in the city and I get a 3+br for less than the 1br listed here.
But, my wife and I enjoy going to concerts. In PA, this meant we had to drive an 1.5 hours to Philly, pay gas, tolls, deal with Philly traffic, pay for parking, then drive 1.5 hours back, and try to stay awake for the ride home. Also meant I couldn't really drink at concerts.
By contrast, I went to a concert at the Fillmore yesterday. 5 minute Uber to get there, dropped off and picked up in front of the venue. Home by 11. Yeah, we're paying $2500 in rent, but we are paying for intangibles like not having to drive home through sketchy areas of Philly in the middle of the night.
At the end of the day we just ask ourselves "are we happier here?". If the answer is "yes" then the rent is what it is, and we just live with it.
The downside is that you'll deal with a ~1hr commute to SF depending on how far you are from BART and if you're a young single engineer who loves to party, there's not much to do.
People I know who have young families bought their houses a long time ago or have so much money from when their startups IPOd or got acquired that the high housing cost is still small compared to their investment returns.