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>> People who are "priced out" should move to places where rent costs less

It is a huge nation, but one where 70% of the tech jobs are stuck in SF/SV. I can move to Lincoln Nebraska and pay $400/mo in rent, but I sure as heck wont find an employer seeking a python job.

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Of course you will[1][2]. Lots more in Omaha[3] of course, but people underestimate just how widespread programming is.

[1] http://python.jobs.net/jobs/lincoln,nebraska.aspx

[2] https://www.linkedin.com/jobs/python-jobs-lincoln-ne

[3] http://www.indeed.com/q-Python-Developer-l-Nebraska-jobs.htm...

And you move, that job falls through, then what? It's far more comp!ex than you very basic approach.

Actually, I live in Adelaide, Australia. I know quite a lot about the technology industry.

Software gets written in a lot of places.

Clearly people are where the jobs are and price pressures respond accordingly. What fuels those price pressures are, IMHO:

1. banks creating near unlimited credit against land which at best eclipses productivity gains leaving workers no better off and rentiers collecting all the gains

2. the rest of the population working out that the game is rigged and piling into real-estate speculation as the only game in town.

I'd have expected someone in a country with a crippling house price bubble in many cities to get this.

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