There's really no way to intellectualize it - people coming to the Bay Area in 2018 are suckers, plain and simple.

You missed the boat - by years. Not only will you never afford a home here, you will piss away so much money on rent and other aspects of the absurdly inflated cost-of-living adjustment that you won't be able to leave and buy anywhere else either. If you're coming up on forty and still renting your primary residence, you are in real danger of financially screwing yourself for life. Traditional models of retirement have people paying off their homes in full by around fifty so they can start building their retirement funds.

Forget about catching a break when the "bubble bursts"...the "bubble bursting" means most people reading Hacker News will be out of work or feeling very nervous about their jobs.