I agree, but my counterpoint would be this: I like having _access_ to the Bay Area, but I don't like how much it costs to live somewhere accessible to SF. If I could live somewhere a little further out to save money, but still be able to visit the City and other places when I wanted or needed, that would be theoretically ideal for me. In practical terms, I'll let you know after I get a chance to try it out. ;-)
“Move somewhere better” is naive, because where they live isn’t necessarily bad; just may not be conducive to full-time remote work.