Posted on 12/19/2023 9:40:13 PM PST by SeekAndFind
Send most of the homeless to those dark, empty castles.
Of course, then the Mayor would need to budget an on call clean up crew, armed security force and indoor health clinic or should I say, de-tox clinic.
Wistling past the graveyard. What is really required is for the city to clean itself up. That would require tough policing, something I can't see happening until things get a lot worse.
Three things I get out of this trend: (1) A lot of the talk is over commercial real estate (office buildings). I would imagine in 2024...several more hotels will shutdown, with tourism lessening every quarter (even international tourism will lessen). (2) Going into early 2025, after they let go of 10-percent of city staff in 2024...there’s probably a rough 20-percent additional cut to come. (3) Finally, you would have mandate people go to a enclosed/fenced facility and ration out real drugs (freely) to get them off the streets of the city (Democratic logic) to bring real change or fix this mess.
The Democrats are not going to tolerate tough policing right now. Remember the cops are racist.
Approx. 30 years ago I worked in downtown S.F., and frankly the seeds of the “doom loop” go back a lot further than many realize. In a lot of ways, this has been a long-term decline that was largely “papered over” by a tech/startup boom that have supplied a steady stream of boom/bust office tenants for the past 25 years.
Allow me to explain... ~30 years ago, downtown S.F. was the headquarters of a half-dozen or so really big, traditional companies that each employed thousands to tens of thousands of workers: Chevron (aka Standard Oil), Wells Fargo, Bank of America, Pacific Telephone, Pacific Gas & Electric, Charles Schwab. Bechtel. Through various mergers and moves, every single one of those companies’ headquarters eventually moved out of S.F., with maybe 80-90% of their erstwhile workforce gone. Yes, the Twitters and Ubers and Airbnbs came in and hundreds of lesser imitators rolled in, but it wasn’t the same thing. The tech companies and their workers come and go. It’s a totally different thing than the Chevrons and Wells Fargos that had the same boatloads of people working there for 20 or 30 years. We can talk about the crime and the drugs and all that stuff has hurt, but the fact is that SF cast its lot with a startup-tech industry that has proven unreliable over the long term.
The commercial death spiral will continue. They have nothing to inspire revitalization. Investment opportunities? Ha! Only cheap rubble for concrete crush as roadfill.
And who wants to haul crush hundreds of miles to an active economy?đ
PR firms 1st mistake, use The NY Times to âsellâ SF to people who could possible help. Liberals are the problem, not the solutionâŚ.. Of course I donât know any conservatives who would move thereâŚ..
“”At some point, someone will find it cheap enough to sign a lease for a startup””
The only ‘startup’ that has any chance of succeeding would be Pooper Scoopers, Inc. No one else wants to ‘invest’ any $$$ in that cesspool.
Detroit was once a great city. Now the forest is slowly returning.
Civilized chaos, such as at our southern borders right now.
What shocks me is that 64% of the office space remains filled!
Unless much of this is contracts leases that have not yet run out.
Your observation is true for dozens of cities across the USA. Our politicians and business leaders sold out the country.
I’m surprised Robin Hood Biden and his merry band of fairies haven’t forked over a few billion yet. He still has a year, so it is probably coming. The demented one forked over 3 billion last month for the train to nowhere boondoggle and another 3 billion for a train from So Cal to Vegas. No doubt Newsome and the SF mayor have their hands out on behalf of BART
When the real estate industry measures occupancy and vacancy rates, commercial space is considered âoccupiedâ as long as there is a lease in place â even if nobody is using it and the lights havenât been turned on in months. SFâs office occupancy rate will continue to decline as more and more leases on these unused offices expire.
And some stores to loot.
Somebody in that leftist city government will soon get the bright idea to convert all that office space to homeless living quarters. It’ll be great. Then they could have all the sh!tters indoors in the hallways. It couldn’t happen to a more deserving city.
Move the UN there.
“That would require tough policing”
That train has left the station (so to speak).
Lived in San Francisco from 1994-2016, beautiful, fun town, but no longer.
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