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stackcrash

The amount of remote positions FAANG offer is tiny compared to other companies. If they open up to hiring the majority of positions as in office or remote the salaries will drop a lot for the Bay area. They will be more inline with the other companies in the Bay that hire in office or remote as options for almost any position.
100% of the jobs I turn down are ones wanting me to move to the Bay area. I get paid the same already as my peers in the Bay and don't have to live there.