Sorry, this statement is just wrong. Don't get me wrong, SF is still expensive. Either you're exagerating to make a point or you're not very worldly.
2004
1 Tokyo, Japan
2 London, UK
3 Moscow, Russia
4 Osaka, Japan
5 Hong Kong
6 Geneva, Switzerland
7 Seoul, South Korea
8 Copenhagen, Denmark
9 Zürich, Switzerland
10 St. Petersburg, Russia
11 Beijing, China
12 New York City, USA
13 Milan, Italy
14 Dublin, Ireland
15 Oslo, Norway
16 Shanghai, China
17 Paris, France
18 Istanbul, Turkey
19 Vienna, Austria
20 Sydney, Australia
21 Rome, Italy
22 Stockholm, Sweden
23 Helsinki, Finland
24 Abidjan, Ivory Coast
25 Douala, Cameroon
26 Amsterdam, Netherlands
27 Los Angeles, USA
28 Berlin, Germany