That's certainly compelling, but it still comes with huge downsides like lack of space, having to live with roommates, not having any family nearby, not being able to work fully remotely, likely not having a healthy work-life balance, etc.
If I weren't working remotely, this would be more compelling I think.
Lack of space is subjective, you certainly don’t have to have roommates if you make $300k, and work/life balance is above average at many of these companies. That said, remote work is more rare, and flights from SF to SC to visit family are a pain.
I think the bigger issue for many people is probably cultural. I’ve loved my time in SF and NYC because I love cities, am fairly liberal-minded, don’t mind small living space, and don’t really care about living near extended family. Working remotely from a sprawling home in a small town near family is the opposite of what I want for my life. YMMV!
If I weren't working remotely, this would be more compelling I think.