Weird is certainly the word for it. The SF real estate catastrophe is pushing up prices here, particularly the south end of the county, while (in the small tech scene at least) salaries haven't adjusted. I've lived here since 2011 but I don't think I would start here today. But of course, anyone who bought a house 20 years ago is just fine since their costs are fixed. Renters and recent buyers pick up the tax bill. Thanks a lot, Howard Jarvis Taxpayers Association!
(Seriously, Prop 13 is awful policy.)