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If nothing else will compel SF to change its ways, the cold financial realities will.
by diebeforei485 4y ago
If nothing else will compel SF to change its ways, the cold financial realities will.
- deleted 4y ago[deleted]
- xyzelement 4y agoI am not sure. Sometimes I think that politicians who allow their cities to degrade into crime and filth do it because they understand that such changes drive away those who are most likely to vote against them. As in, chosing to have an electorate strangle hold over a shitty city vs being competitive in a thriving one. I have no evidence of this being a conscious choice other than not being able to find an alternative explanation.
- IG_Semmelweiss 4y agodetroit decayed, then tbr most reasonable citizens called it quits, moving to the burbs city imploded it got so bad, i still remember when vandalism tourism was a thing in detroit this was in the middle of a good economy (2014) theres no reason to think SF will fare any better once people bail. Excpet the majority of downtown will be owned by banks vs decaying onetime industry and real estate titans.
- Apocryphon 4y agoGood weather will keep SF desirable, and with the other knock-on effects, unlike Detroit. Not to mention that it’s not a one-industry town. Don’t think biotech, for instance, has been affected like software has. Let alone finance and so forth.
- dehrmann 4y agoGoldman is doing 6% layoffs this week. They're not heavily in SF, but it shows finance is affected, too.
- jboy55 4y agoOr, A 10 year boom in SF tech real-estate is winding down, places will become more affordable, apartments will have to be rented for less. Non-tech workers will move in to replace those that leave, and for some, the gentrification nightmare of the last decade will be over and SF will return to a place that can house artists, workers and families.