San Francisco’s Financial Crisis

If employee wages are a large part of the rising costs, then perhaps the cost of living for living in SF is too high. The cost of living is too high because rent is too high.

Since there is so much political contention to building more housing, there is no chance that housing prices will decrease (nobody wants to see their property lose value).

Now they are complaining about the problem they caused?!?

I don't know if this is ironic, justified or just funny. You can't have your cake and eat it too.

Re: San Francisco’s Financial Crisis

#6

Post by RC_ITR » Sat, May 27, 2023, 2:35 AM UTC

cft wrote: post #2

"In the city’s Five-Year Financial Plan released in January this year" https://en.m.wikipedia.org/wiki/Five-year_plans_of_the_Sovie...

https://www.cbo.gov/publication/58946

Re: San Francisco’s Financial Crisis

#7

Post by NotYourLawyer » Sat, May 27, 2023, 2:37 AM UTC

1. Destroy your tax base by turning your city into a lawless hell hole / homeless paradise.

2. ???

3. Profit.

Re: San Francisco’s Financial Crisis

#8

Post by politician » Sat, May 27, 2023, 2:38 AM UTC

Even though it's after 7pm PT, I'm still surprised this managed to make it to the home page.

Re: San Francisco’s Financial Crisis

#9

Post by simoncion » Sat, May 27, 2023, 2:38 AM UTC

> Additionally, retailers have been closing their San Francisco locations in droves, citing crime, homelessness, and drug use...

Evidently uncited are

* COVID concerns

* Rapidly increasing cost of goods and services that remains unmatched by wage increases

* Dwindling customer base as people find stores understaffed (thanks, "strategic" layoffs!), understocked, or both and give up and turn to online shopping.

* Dwindling customer base as people move the fuck away because they either just can't afford city life anymore, or (thanks to the overall success of the blood-drenched demonstration of the viability of remote work) are no longer forced to pay San Francisco rents to work for Really Solid software/IT companies.

Re: San Francisco’s Financial Crisis

#10

Post by slater » Sat, May 27, 2023, 2:38 AM UTC

cphajduk wrote: post #5

If employee wages are a large part of the rising costs, then perhaps the cost of living for living in SF is too high. The cost of living is too high because rent is too high. Since there is so much political contention to building more housing, there is no chance that housing prices will decrease (nobody wants to see their property lose value). Now they are complaining about the problem they caused?!? I don't know if…

They're a group of right-wing policy consultancy grifters, of course they'd complain.