From the "no shit, Shirlock" files:
"developers living in places like San Francisco, where the cost of living is high, can expect to see more of their pay go toward housing and related costs."
One wonders what they are thinking. Living just 20ish miles north or south could mean paying off a mortgage instead of throwing away money on rent ... and the mortgage will probably be 10-15% lower than renting in SF! Do they not teach Developers math(s) anymore? Come to think of it, that would explain lots ...