Earlier quoted context omitted.
The original question was about the bay area and not necessarily SF itself. You have identified several downsides to living in SF, but few of them apply to the bay area as a whole. In fact, one can walk down the list to see that most of them are very specific to living in SF. * [...] fine dining in San Francisco is, if you properly exclude Yountville from your definition of "San Francisco", simply not as good as NYC…
I'll admit that I don't pay attention to opera and that you may have me there, but the Chicago Symphony Orchestra trounces SFS in every ranking I can find (CSO tops the Philharmonic in some credible reviews, so this isn't a fair fight). You also can't say "SF tends to fall down when it comes to plays" and then in the same sentence say "comedy is the only performing art that Chicago does better in"; Chicago has a vibr…
It seems that in most of these performing arts rankings you have NYC at the top, LA a long way down the scale for a lot of things (mostly as remnants and/or supporting players for the movie biz) and below that places like Chicago, SF, and Boston fighting it out for third place in various categories.
Yes, you will see a better comedy show in Chicago, catch a better opera or weird performance art piece in SF, and probably hear a better symphony in Boston. Either way, I would say that SF is far from the performing arts wasteland you originally suggested...