I can now say this with full conviction.
San Francisco is a nice place to visit, but I wouldn't want to live (t)here.
Rent is just as absurd as the media makes it out to be. A crappy single bedroom apartment will easily run over $3,000/month. An apartment downtown? If you have to ask you can't afford it. Traffic is bad but parking is even worse. Public transport is so-so and occasionally horrid. Everything here is expensive, inconvenient, crowded and worn-down.
In ten years only tech-bros, wealthy hipsters, foreign investors and townies with rent-controlled apartments will actually live here. They can keep it. Sorry, but I am not leaving my heart in San Francisco.