Bay Area native here. The cost of living here has always been high, there have always been a lot of homeless people, and crime used to be worse.
The tech industry has metastasized, overthrown the culture, and drained the soul out of the place. The ethos and pathos of the tech industry have undergone a transformation from creation to extraction. We shot for the moon and got surveillance capitalism and the "gig economy" instead.
Now everybody here is "the right type of people". You can be whoever you want, so long as it's sustainable and organic.