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Two things:

1) lots of other stuff rocks, so you don't want to leave and you can downgrade your living space to something smaller that is more "affordable" to get most of what you want

2) people are leaving, but at a slower rate than they are coming. Basically, come here, work hard, burn out, and go somewhere else. Or maybe you get a job on the periphery, like say san jose, and then you live way out in Morgan hill or gilroy or in the cheaper parts of san jose. Or you get a job in Dublin/Pleasanton and then live in like antioch/pittsburgh/tracy.



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