There are no realistic options for families in the Bay Area any more for housing. Salaries aren't rising fast enough for skilled people to accommodate the housing crunch, and employees are expected to take the brunt of this situation.
If you were established before the 2000 bubble, or happened to catch the housing dips in 2002 and 2009 (especially for rent controlled areas like SF), you are probably ok provided you don't have to commute too far from your residence or are lucky enough to live near BART or Caltrain. If you didn't get in, you are either a perpetual renter or taking huge risks between the influx of new rich money and foreign all-cash purchases of homes. This also presumes that you're in a good school district. Sure, everyone wants their kids going to a school like Mission San Jose in south Fremont, but many can only afford to live in Hayward where the schools are hit and miss. Waiting lists for child care are at least a year long virtually everywhere within 60 miles of SF/SJ/Oakland and are horrendously expensive. Prop 13 and the special FHA non-conforming mortgage limit of $729K ($300K above every other state in the country for some unknown reason) have held up the distortion of property values. Any attempt at high-density housing is often met with hostility from environmental NIMBYs and hostile existing property owners unwilling to give any room to these efforts by filing complaints and grievances. The intense culture surrounding perpetual property value increases is baffling in one sense considering the supposed social conscience that is supposed to exist in the Bay Area.
The perpetual renter scenario where schools don't count only really benefits non-family entities like singles and couples. For them and the folks who got in early, the Bay Area is indeed a great and livable place, with tons of great live music, museums, art, outdoor activities, and year-round great weather (except for SF in July...). Especially for younger folks trying to establish themselves professionally, there probably is no better place to work in that regard. For the rest who would get in this late in the game who have or want a family, enormous sacrifices in money, time and compromise of personal relationships are the only way to deal with this. After all, people paying $1000/month to live in a tent in someone's back yard is somehow acceptable and even funny when you got in early. For the low-income and disadvantaged, the burdens are extremely intense, and that's without the snowflakes complaining about the homeless in SF because they think they're entitled to perfection because they chose to live in the Mission for the cultural value.
These aren't realistic choices any more for many of us. These are only exaggerated for low-income individuals who have even fewer choices. There is an enormous elephant in the middle of the room, and the haves demure on this point without realizing that there will be a breaking point sooner or later. The Bay Area is truly the land of "Last one in is a rotten egg" and there's no end in sight.