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Articles like this are an extremely strong buy signal for anyone wanting to get a house or condo. For renters, it is a good chance to get a rent cram down on yo

by pdx6 6y ago

Articles like this are an extremely strong buy signal for anyone wanting to get a house or condo. For renters, it is a good chance to get a rent cram down on your rent control unit, or move to a larger and cheaper unit. For those wanting to start a business, it is also a good time to sign a deal on a good lease in an excellent location. Any entrepreneur will have to think ahead about when revenue will recover, depending on the business. I say this because this is a boom and bust city. Earthquakes , gold, 9/11, fires, finance bubbles, tech bubblies -- each time San Francisco has recovered from the ashes stronger, and those that invested, richer.

Barrin92 6y ago
>each time San Francisco has recovered from the ashes stronger, and those that invested, richer. I mean that's true for anything, until it doesn't. Not saying that you're claim isn't true in this particular case, but the logic of "BUY THE DIP!" is entirely tautological and more or less just blind faith. There's no natural law that stops a city from going into terminal decline, there's an exodus, and that's that.
megameter 6y ago
The investment angle is definitely one way of selling it. As a native resident, I have been around just long enough to fully grasp the boom-bust cycle and what it means in a broader sense. The city is in wildfire season, and will again rise from the ashes. Just give it a few years to start recovery in earnest. For now the streets are emptier, and a little less safe. Our last boom, for all the downsides of gentrification and transience that it wrought, added another layer of cosmopolitan influences which has helped defuse old local tensions. While the local leadership isn't doing everything right(as we'd expect), they aren't actively moving in the wrong direction either - they are working reasonably quickly to address and attempt solutions for each crisis as it comes up, and indeed, the crises of 2020 have been hugely transformative for the city already, leading to a whole new set of traffic and transit policies, reforms in law enforcement policy, and more. It won't be long before the officials have to start choosing between making cuts to essentials and throwing out old pork constituents, and they have a riled up, locked down population watching every move. The only thing I'm truly concerned about is the state and national situations falling into the kinds of scenarios Robert Evans depicts in "It Could Happen Here".

by pdx6 6y ago

Barrin92 6y ago

>each time San Francisco has recovered from the ashes stronger, and those that invested, richer. I mean that's true for anything, until it doesn't. Not saying that you're claim isn't true in this particular case, but the logic of "BUY THE DIP!" is entirely tautological and more or less just blind faith. There's no natural law that stops a city from going into terminal decline, there's an exodus, and that's that.

megameter 6y ago

The investment angle is definitely one way of selling it. As a native resident, I have been around just long enough to fully grasp the boom-bust cycle and what it means in a broader sense. The city is in wildfire season, and will again rise from the ashes. Just give it a few years to start recovery in earnest. For now the streets are emptier, and a little less safe. Our last boom, for all the downsides of gentrification and transience that it wrought, added another layer of cosmopolitan influences which has helped defuse old local tensions. While the local leadership isn't doing everything right(as we'd expect), they aren't actively moving in the wrong direction either - they are working reasonably quickly to address and attempt solutions for each crisis as it comes up, and indeed, the crises of 2020 have been hugely transformative for the city already, leading to a whole new set of traffic and transit policies, reforms in law enforcement policy, and more. It won't be long before the officials have to start choosing between making cuts to essentials and throwing out old pork constituents, and they have a riled up, locked down population watching every move. The only thing I'm truly concerned about is the state and national situations falling into the kinds of scenarios Robert Evans depicts in "It Could Happen Here".