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I lived in SF for 3 years and before that I lived in Mill Valley. I could afford living there just fine but what is the point in living there in the first place? It's a hipster city for kids who don't mind living in poverty like conditions even if they are making $50,000 a year or a city for retired old gay men who have already made their fortunes and goto the castro to lure young twinks.
San Francisco isn't on the cutting edge of anything. You are thinking of San Jose and down towards Los Gatos (Los Gatos and Mill Valley are both very nice areas in comparison to living in awful San Francisco). San Francisco is a dirty and corrupt city full of crackheads in the Tenderloin and Mission districts, and homeless people everywhere.
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