Not feasible in the San Francisco Bay Area. People are already commuting as far as Sacramento, because housing is more affordable out there. It's socio-economic repression.
The job growth is in knowledge, which benefits from being close by. For example, last week I walked from the office to Eventbrite to learn what they're doing. No way you're getting the same benefit from watching a video. To promote the best opportunities, we're going to have to reform our existing cities.
If you're trying to build a new community, it's going to require some other benefit. Like Peter Thiel and his seasteading.