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I advise you consider areas in and around in addition to San Francisco.
Check out the interior east bay. I used to live in Walnut Creek near Alamo and it is great biking territory. Much warmer than the city during the summer and similar to LA but without the smog. Colder and wetter in the winter which gives you a little flavor of seasonal change and that is welcome in my book. I used to live in both LA and in the Bay Area and I believe the Bay Area is an upgrade for you.
A very nice area to live. From there you can spike out in 360 degrees of direction on bike rides.
Edit: But if you wind up working in San Francisco, living in the city makes a lot of sense as far as daily commuting. For me the city was too gloomy in the summer with two months of fog from June to July. I enjoy both hot and cold weather so the east bay suited me. Real estate is expensive all around there as someone said. From what I have heard about he RE markets, renting makes a lot more sense economically right now.
Edit #2: Obvioiusly you will check this out but garaging a bike in San Francisco can be a pain and very expensive. I think garages are harder to come by than apartments.
[ This message was edited by: ChuckofTahoe on 2006-01-12 22:42 ]
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