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I'm not sure I understand the other comments. When I moved here in 2012 I had to rent for several months until I found a house to buy. I ended up in a B&B that I found on craigslist for the price you mentioned. I just went to CL just now and there are a lot of listings for the price you mentioned. I don't think you can really dwaddle on any of this stuff - find something passable, and take it, or someone else will, but it is possible.

http://sfbay.craigslist.org/roo/

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