San Franciisco real estate is on fire! Limited inventory is driving housing prices to historic highs. Affordability in the city, on the other hand, is at all time lows. If you are a buyer, you need to do is expand your search to include nearby citys. In Oakland, which is 10 minutes from San Francisco, it is possible to find a home in a decent area for half or sometimes even a quarter of the price of "The City". Daly City, South San Francisco, Colma, and Pacifica all give you a lot more bang for your buck.
A few minutes away can be a $200,000-$500,000 difference than when purchasing in "The City".