Long term, sure. But there's little point in paying $$$ for a tiny place when everything is closed due to Covid. Why not decamp for the suburbs/parent's house for a year and save 20-30k?
The cost of renewing your lease and staying in the bay area vs simply moving out for the year to your parents' house / LCOL area where if it really comes down to it, you can simply break your lease much easier is an easy trade-off.