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San Francisco could collapse – what should California do about it?

sfchronicle.com

21–30 of 161 posts

Re: San Francisco could collapse – what should California do about it?

#23
post #5

I don’t live there, but as a general rule, people overestimate the probability of “collapse“. Things can be declining for a long time without the dramatic acceleration that merits that term.

> people overestimate the probability of “collapse“

Collapse, in this article’s context, means insolvency. That doesn’t mean San Francisco disappears. But public transit may halt for a while, and the city may have control and assets forcibly removed from itself.

In reality, San Francisco is solidly investment grade [1][2]. It can borrow its way out of this hole.

[1] https://www.fitchratings.com/entity/san-francisco-city-count...

[2] https://sf.gov/reports/march-2023/city-credit-ratings

Re: San Francisco could collapse – what should California do about it?

#25
post #2

Hey, congratulations SF. You spent over a decade whining about tech-bros and Google buses. Guess those problems are solved now!

after the huggingface event last night a group of us wasn't let into a bar/club because "y'all are nerds, we don't want your patronage" I don't think it's solved enough yet for their taste, what a beautifully schizoid city, never change, we should just throw money at the problem forever as a monument to hubris XD

I'm super interested in this story. Can you elaborate more on the context please?

Re: San Francisco could collapse – what should California do about it?

#26
post #5

I don’t live there, but as a general rule, people overestimate the probability of “collapse“. Things can be declining for a long time without the dramatic acceleration that merits that term.

Agreed. Just look at Twitter. It's running with a skeleton crew but that's only because a system of that size does not collapse in a day. It takes years for the cracks to show and grow.

I think the specific situation with Twitter is that it takes a lot more people to create and update a system of this size than it does to merely maintain it. They simply no longer have the capacity to make a large new product at this point, but even a skeleton staff is enough to keep the existing product running.

Re: San Francisco could collapse – what should California do about it?

#27

Every city has its glory days and eventual decline. It happened to Detroit; it's happening to SF, and eventually it'll happen to other cities (I see it happening to Houston if the US truly uncouples itself from oil)

Cities can come back after the decline, too. Look at NYC.

Re: San Francisco could collapse – what should California do about it?

#28
post #4

It all comes down to housing. If you make it affordable to build housing, you make housing affordable. If you make housing affordable, then you make services affordable.

I wonder whether homeowners talking about more affordable housing realize that includes their own house likely declining in value….

Re: San Francisco could collapse – what should California do about it?

#29
post #10
post #2

Hey, congratulations SF. You spent over a decade whining about tech-bros and Google buses. Guess those problems are solved now!

I think the fact that Prop J cruised to victory and Prop I went down in flames shows that the influence of the old guard is waning. There is a proliferation of groups trying to flex tech money in SF politics: Grow SF, Abundant SF, Together SF. And they are aligned with state politicians who get the goods like Weiner, Newsom, and Haney. Supervisor Peskin is termed out, again, in 2024 and Preston and his band of fake-a…

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