Bay Area Grapples With Soaring Housing Costs and Tech Layoffs

San Jose requires a $300,000 income for a starter home as tech and biotech firms slash jobs, highlighting economic challenges.

San Jose's median home price for a starter home approaches $1 million, requiring an annual income of $300,000.
The region now tops the list of the nation's most expensive cities for first-time home buyers.
Hundreds of jobs have been cut by tech and biotech firms across the Bay Area in recent layoffs.
Two green energy companies have also stumbled, contributing to the job losses.
The economic strain is compounded by the high cost of living and housing in the area.