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Because "Office Vacancy Rate in San Francisco Just Hit a New High", That means property owners aren't making money. Workers aren't out spending to come in, stay
by downrightmike 4y ago
Because "Office Vacancy Rate in San Francisco Just Hit a New High", That means property owners aren't making money. Workers aren't out spending to come in, stay and leave. All that is taxable, which is why government officials want people back in the office. In every city, the downtown core's tax revenue subsidizes the suburban sprawl all around it. Good overview of the research on this: https://www.youtube.com/watch?v=7Nw6qyyrTeI https://www.youtube.com/watch?v=7Nw6qyyrTeI
- quantumwannabe 4y agoThat’s an interesting way to phrase cities being subsidized by taxes paid by/on the behalf of suburban commuters.
- bombcar 4y agoSuburbs would die without cities! Also the cities are dying because the suburbians aren't commuting in! Maybe it's not as simple as people want to make it out to be, and cities are more dependent on suburbs that simple YouTube videos want to admit.