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Downtown San Francisco is at a tipping-point

economist.com

11–20 of 206 posts

Re: Downtown San Francisco is at a tipping-point

#13
There are expensive challenges with converting office buildings to apartments that historically made it non-cost effective, since commercial demand was always high enough that building owners could always make a bigger profit leasing to commercial tenants versus converting their buildings to residential.

But if remote work has permanently emptied SF’s downtown office buildings, pushing commercial demand to near zero, but demand for housing in the Bay Area is still red-hot, perhaps large-scale conversions will become cost-effective as commercial leases begin to expire, since the alternative for building owners is to just let them rot empty.

Re: Downtown San Francisco is at a tipping-point

#15
post #7

San Francisco and Oakland are facing combined close to $500 million budget shortfall and are requesting a federal tax payer bailout. The second major federal bailout in eight years. Oakland has one of the highest violent crime rates in the entire country and they just cut more public safety and health jobs. I can't see how anyone can look at the situation in the Bay area and not anticipate anything other than continu…

This is why one party rule is bad.

Re: Downtown San Francisco is at a tipping-point

#16

Isn’t San Francisco a boom and best town all the way back to the gold rush?

Same problem with any region where people don't have roots but rather come for the opportunity. Turns out it's as easy to leave once the opportunity no longer exists.

Re: Downtown San Francisco is at a tipping-point

#18
post #8
post #7

San Francisco and Oakland are facing combined close to $500 million budget shortfall and are requesting a federal tax payer bailout. The second major federal bailout in eight years. Oakland has one of the highest violent crime rates in the entire country and they just cut more public safety and health jobs. I can't see how anyone can look at the situation in the Bay area and not anticipate anything other than continu…

Sounds like someone needs the suburbs to subsidize them.

Oakland is already gigantic.

Re: Downtown San Francisco is at a tipping-point

#19
post #10

What amazes me is that the Valley gazillionaires are not spending their fortunes to fix their own habitat. They can just BUY the city government they want. Instead, they are shoving mountains of cash to turn the United States into some perverted libertarian fantasy, where the government is weak, paralyzed, ineffectual, and out of their way OH WAIT.

Do you think any "valley gazillionaires" are living in the tenderloin?
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