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Hotel Owners Start to Write Off San Francisco as Business Nosedives

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121–130 of 163 posts

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#121

Has San Francisco become that bad? My father lives in the city, but I've never heard him complain about the state of things.

A lot of techies moved here and ruined everything. No matter how many thousands of these types of posts make it to the top of HN, they won't leave. It's maddening.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#122

Earlier quoted context omitted.

Getting accosted several homeless people in a short stretch feels unsafe, especially to the sort of out of towner who is not inured to it, in a way that driving does not. Both have a very low risk per unit of travel, but in the moment we have no way of qualitatively measuring that risk. I stayed in SF for a few nights, it was pretty shocking to me the amount of homeless people (euphemism creep: temporarily unhoused)…

Maybe instead of complaining about homeless people we should complain about how capitalism creates homelessness.

I encourage you to take a few days to walk around as a tourist in downtown San Francisco and ask how yourself: how could this situation be improved?

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#123

Earlier quoted context omitted.

I agree. I miss a lot of home (family, taco bell, friends, some freedoms) but I really do enjoy the healthcare, the lack of anxiety from gun violence, the stable government, and the lack of stress. I am trying to get folks I know to move out of the US, too!

Hah! Admittedly good taco shops and In-N-Out are something I miss about the bay, along with many other wonderful things. I wouldn't mind at least _some_ of that can-do spirit and willingness to take risks, either, cheesy as it sounds. I bring up US working holiday visa arrangements (with Ireland, Australia, New Zealand, Singapore, and South Korea), the Dutch American Friendship Treaty (surprisingly straightforward wa…

I have had authentic Tacos and I do love them and real Mexican food ... but there's something visceral, nostalgic, about Taco Bell. It was the first meal I can remember we ever had growing up that wasn't cooked at home (we never ate out, we always had home cooked food and then one day mom was just tired and we hit up the local TacoBell and I was hooked ever since). And then the only happy memory with my Dad was at a Taco Bell with him throwing way too many hot sauce packets on the hard shelled tacos (he was East Indian so chewing on habeneros at the store and picking the hotter ones was a normal thing so...), shortly after this random experience, he passed away suddenly while on a business trip.

Anyway, I miss that greasy, bastardization of the taco...

Immigration and liberal laws unto it will save nations I think. Countries going forward will need skilled labor more than ever as birth rates fall.

Germany has been good to me, Berlin especially, but if I were to do it all over again, I'd try my hardest to get placed at a company in Amsterdam. What an amazing place that place is.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#124

Earlier quoted context omitted.

I agree. I miss a lot of home (family, taco bell, friends, some freedoms) but I really do enjoy the healthcare, the lack of anxiety from gun violence, the stable government, and the lack of stress. I am trying to get folks I know to move out of the US, too!

Hah! Admittedly good taco shops and In-N-Out are something I miss about the bay, along with many other wonderful things. I wouldn't mind at least _some_ of that can-do spirit and willingness to take risks, either, cheesy as it sounds. I bring up US working holiday visa arrangements (with Ireland, Australia, New Zealand, Singapore, and South Korea), the Dutch American Friendship Treaty (surprisingly straightforward wa…

Also had no idea about this, thank you!

/me google's "Dutch American Friendship Treaty"...

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#125
post #47

Earlier quoted context omitted.

> They haven't been building equity. Per the docs, yes. But any capital improvements made are building equity and would affect the LTV of the loan when it comes time to refinance (or default).

The theoretical use of interest only is to acquire the property and upmanage it to increase rents (or for a hotel, utilization and nightly stays) since the value is directly based on monthly incomes. Then refinance and-or sell.

> increase rents

Class A office space rents for much more than Class B. You can convert (usually, but not always) Class B to Class A with capital improvements.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#126

Earlier quoted context omitted.

SF is pretty famous for car break ins. The attitude of the police and the population at large is if you left ANYTHING in your car it’s your fault for baiting the car. The police do nothing when it happens, and it happens many, many times a day. Source: I fly in to my company’s SF HQ frequently and this is both what the locals say and it’s also my experience there. SF is on a whole different level when it comes to car…

> The attitude of the police and the population at large is if you left ANYTHING in your car it’s your fault for baiting the car. ... Is that not the attitude of the police _everywhere_, though? I've never heard of the police anywhere taking much of an interest in items stolen from cars; it's not like they really have a realistic way to pursue that even if they wanted to.

Police is one thing, but it's just sad when the general consensus of the population is to pin the blame on the victim, even in muggings or knife assaults "It's your fault for wearing/carrying [x]".

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#127
post #80

Earlier quoted context omitted.

The US still has a positive net migration rate with pretty much every other country, including all major EU member states.

Absolutely, which is part of why I mention my peer group. But if you're a mid-30's programmer with a family (or planning to start one) the EU can be tempting, if you can work around the large salary gap.

A 150k EUR salary can be had easily in Europe but that’s true you’ll not find 500k to 1M salaries here like you will stateside.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#128

Earlier quoted context omitted.

Hah! Admittedly good taco shops and In-N-Out are something I miss about the bay, along with many other wonderful things. I wouldn't mind at least _some_ of that can-do spirit and willingness to take risks, either, cheesy as it sounds. I bring up US working holiday visa arrangements (with Ireland, Australia, New Zealand, Singapore, and South Korea), the Dutch American Friendship Treaty (surprisingly straightforward wa…

I have had authentic Tacos and I do love them and real Mexican food ... but there's something visceral, nostalgic, about Taco Bell. It was the first meal I can remember we ever had growing up that wasn't cooked at home (we never ate out, we always had home cooked food and then one day mom was just tired and we hit up the local TacoBell and I was hooked ever since). And then the only happy memory with my Dad was at a…

Perhaps you have a Dutch vacation coming soon! https://tacobell.nl/en/

I have similar fond memories of Taco Bell. The 59, 79, 99 cent menu sustained me as a teenager.

As it turns out I am forming a BV and working on moving to Utrecht in the next few months. Ireland was good to me as well, but has not been a great place to raise kids.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#129

Earlier quoted context omitted.

Absolutely, which is part of why I mention my peer group. But if you're a mid-30's programmer with a family (or planning to start one) the EU can be tempting, if you can work around the large salary gap.

A 150k EUR salary can be had easily in Europe but that’s true you’ll not find 500k to 1M salaries here like you will stateside.

To be fair a 150k EUR salary (about where I am as it turns out) can be had in Europe but I don't think it's done "easily" for most people, at least compared to major US cities.

But I literally don't care. I already have a paid off house, and I just don't need anything. My big goal in life is to have a 3 bed flat or townhouse where my kids can run out the door and ride their bikes to their friends' houses (and school, and the cinema, etc.) and I'm not worried about them. I don't want a fancy car (or any car, actually), gadgets, etc.

I kinda wanted to FIRE at one point but that was only because I hated what I was doing. Finding work from climatebase.org or similar helps a lot with that. I would LOVE to work for humankind.city, for instance.

Re: Hotel Owners Start to Write Off San Francisco as Business Nosedives

#130
post #10

Earlier quoted context omitted.

It's going to be interesting with the new ordinance to outlaw camping from dawn to sundown. If you camp during those hours, you face jail time. The theory is probably that this will separate hard core drug users from homeless people who aren't willing to go into a shelter. That'll be an interesting experiment.

A cruel experiment that will neither relieve suffering nor address its cause. America is insane.

Leaving addicts and the mentally ill to rot on the streets is cruel and insane.
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