The fact that this happens is not a failure of SF Bay Area policies, it's a failure to price externalities. In fact, I'd argue that anecdotes like these suggest the problem is less with the Bay and more with California and America in general.
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Just spitballing here, but I'm guessing that people who have children care a lot less about where they fall on your Personal Sympathy Metric because they have to consider what will happen if they choose renting over ownership somewhere with unpredictable price stability
And frankly, your comparison to the hypothetical hedge fund manager in the Hamptons is INSANE, and you should actually feel bad about it
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Fly-in commuting is a lifestyle expense. Modesto has similar median home prices to Phoenix, shorter commute door to door, and a commute with far fewer unpriced externalities. Total expense in Santa Rosa probably matches Phoenix after $1.5k/mo in flights.
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I'm in no position to consider the long-run pros and cons of home ownership in Modesto vs. Phoenix, but I find it interesting that *you* think you are with regard to a specific family you have never met.
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Extreme comparisons can be illustrative. Perhaps take a chance and consider that I’m being sincere: why do you think as a society we should allow someone to spend 4 hours on a plane to afford a home if there’s an equivalent $300k house a mere 4 hour car ride away.
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