The big problem seems to be the lack of affordable housing in the area - when I was looking for 1br apartments, none of them were under $2700 a month (plus 300+ for car parking), and they were all brand new luxury rooms.
If the world's richest, densest, most economically productive city is outperforming you on affordability, you're doing something really wrong.
Get out of the bay area and come to NYC. You can live well here on $20 an hour (if it's fulltime with health benefits and you have no dependents), and amazingly on a developer salary. You can live in a small place walking distance to work, or in a huge place a comfy train ride away, or something in between, all for substantially less than in the bay area.
All the big tech companies are here and a lot of startups have come from here -- and we actually have other industries too, helpful if you have a spouse that doesn't work in tech -- or if you change careers someday -- or if you just enjoy having friends who don't all do the same thing you do and offer different perspectives. It's just a much bigger place.
Computer tech had its day in the california sun, but I honestly believe NYC will ultimately capture the US based computer tech industry, the same way it has captured many industries in the past -- by outperforming all other US cities at things that matter for employees and employers.
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[1] I pay $1850 for a 1 bedroom near Houston St. It is still easy to find similar and slightly cheaper deals. You can pay much less if you trade away space or the luxury of being able to walk to work. For an example of trading away for price alone, a friend of mine recently easily found and leased a room (in a 3br share) for $650, a 30 min subway or bike away from downtown manhattan.
[2] I had a car for a while for purely stupid fun impractical reasons (don't anymore, for practical reasons) and paid almost nothing for parking by parking it on the street, which is easy once you learn the tricks. Paid maybe $65 or $130 a month for the occasional ticket. But parking is unnecessary anyway since car ownership is unnecessary due to excellent transit (and walkability/bikeability) -- and if you really needed a car once in a while, you're surely in walking distance of a zipcar or one of its several competitors.