Yes, but I am responding to your very broad and general question "The other question is how you managed to move where you live now to begin with."
This is something that happens in many housing markets throughout the world, not just the Bay Area or even U.S. big cities in general. Also being priced out doesn't even always relate to rent, but other costs of living.
You ask a broad question, you get a broad answer. Being priced out is something that happens and is not always related to one's salaries.
"When someone is priced out of a market, their choices are to simply remain out of the market, to wait for the market to become more affordable, to improve their own financial situation to the point where they can afford to buy, or, if possible, to consider a different market. For example, someone who was priced out of their neighborhood's real estate market could look at a different part of the city or even an entirely different city or state."
Where socialists go wrong is that they simply attribute price hikes to "greedy capitalists". The truth is that demand goes up, and hence the prices (because other people are willing to pay more).
Even historically it has been a problem, without gentrification, if people had kids. Like you are born on your parents little farm, and your parents have 10 children. If all children want to stay on the farm (and then their children and their children, and so on), it simply doesn't work out. The farm is not big enough to support so many people. So many children had to go elsewhere and "try their luck". That is rooted in nature, not capitalism.
This is something that happens in many housing markets throughout the world, not just the Bay Area or even U.S. big cities in general. Also being priced out doesn't even always relate to rent, but other costs of living.
You ask a broad question, you get a broad answer. Being priced out is something that happens and is not always related to one's salaries.