Here is an example of why the Bay Area is in a crisis: https://abcnews.go.com/US/san-francisco-resident-fights-sudd...
A San Francisco man had his rent increased from $1800 a month to $8000 a month. True, it is one of the more extreme examples, but this is what I would call a crisis. Can you show me examples like this from Berlin?
In any case that doesn't really help Berlin if it takes, say, five years for its housing market to catch up to its European neighbors.
If it's cheap industrial land alone that made Silicon Valley how did Texas, Nevada, The Midwest and other places miss out on a tech business boom?
But also remember that then and now we're only talking about very specific areas of Neuköln which are super hip, it's actually a huge district and most of it is still "not cool". The bits close to Tempelhofer Feld and Kreuzberg have been gentrifying for many years.
There is a rather ill-informed effort to attempt to compare it to, for example, what is happening in the Bay Area, which is absurd. In the Bay Area, any place to live within walking distance of public transit is so expensive that only tech workers can afford it, extending far beyond the San Francisco/Oakland city limits. In Berlin, if you don't mind living in one of the less "cool" neighborhoods, or gasp outside the Ringbahn, you will be fine.
I think the issue is that two decades ago, rents in Berlin were absurdly cheap for a number of reasons related to the DDR, and now things are starting to normalize a bit so people are complaining.