There is not a (net) mass exodus from the Bay Area, hence the ridiculous prices. I moved to SF in 2006 and there were always people claiming it was on the verge of collapse because everyone was fed up with the high prices and crowding and was fleeing. Funny to see that nothing has changed.
“No one goes to that bar anymore, it’s too crowded!”
this is an interesting asymmetry I've noticed too. There are countless of places where salt of the earth Americana is the de facto monoculture.
If I'd go there and try to create a liberal-hippie space for myself they'd probably flip me the finger and tell me that's not the local way of life, and somehow everybody seems to agree that this is perfectly fine.
Yet when people in the valley or in a big city share a common culture they somehow have to defend themselves and painstakingly carve out a space for Peter Thiel et al. Why is that? If he doesn't like California's culture Thiel can move, end of story. Why do we have to treat him like a wounded deer?
No one cares about Huntsville, AL and most high-profile people would not reside there, so no one hears about any of this bubble behavior from the other side.
The most important cities (culturally and economically) are, at least, left-leaning. So, you'll only hear about conservatives being rejected by the "liberals" in {city}.
I grew up in a conservative town. Personal experience says the bubble on that side is arguably worse and more violent. Being openly gay or not-white or not-Christian (or accepting of those things) in my hometown was a good way to end up harassed and possibly assaulted on a regular basis.