Yes it is, but the large bay area groupthink collective will try to explain that it's really not possible to shine as a developer anywhere else. It's easier to overpay by 2x in a rat-race society while you destroy the city you're all overcrowding when you can claim it isn't your fault, that you are obliged by professional etiquette to live there.

At least it keeps the area where I live free of that sort of toxic culture!