Do any of us actually want to live in the Bay Area?
If you like cities then New York is bigger, denser, more diverse, less poop, has a public transportation system that actually works, and yet somehow the rent is cheaper. If nature or beaches are your kinda thing there's Oregon and Hawaii not far away. Want urban sprawl and traffic? Los Angeles has San Menlo Alto beat (but not by much).
But, for those of us in tech, the opportunities here are unlike anywhere in the world. And, despite all the drawbacks of the Bay, there's just something inspiring about being here with the leaders and top experts in our field.