Seattle’s problems started years ago (really the whole NW) as Californians started to migrate north upon retirement. They drove up the cost of housing and did not drive up the cost of wages at the same time. Given the limited space in Seattle (for those unaware, it is wedged between Puget Sound and the mountains). Lots of family in the area. Sad, really.
This problem will eventually work itself out. Tech jobs will migrate out of California into more cost-effective regions. Every day I drive past Toyota’s new US HQ in Texas. (under construction) The other alternative will be for Californians to make decisions at the ballot box that reduce the costs. More likely will be a Techsodus or will it be Techxit? Either way, the area cannot long maintain the status quo.