Ummm....LOL
Yes.
He has more than enough to live here in SF, whether buying, leasing or renting.
That said...he can also live anywhere in the east bay, the south bay/silicon valley (which is closer to Santa Clara)...or somewhere on the peninsula as well...or heck even up in Marin or Sonoma county too for that matter.
I think he's joking, lol. Making about $1M per year let's you live anywhere in the US very comfortably - that's fairly obvious.
That said, who the F would WANT to live in San Fran these days? lol.