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In some ways I wonder if this might turn out to be good for SF in the long term. I remember visiting SF in the 1980s and there were a lot of cool, indie stores
by jhbadger 3y ago
In some ways I wonder if this might turn out to be good for SF in the long term. I remember visiting SF in the 1980s and there were a lot of cool, indie stores in places like Union Square. Places that made the place worth visiting. In the 1990s and even more in the 2000s, the place turned into one national chain store next to another.
- dougSF70 3y agoThe lenders need to revalue the properties so as to lower rents. This could bring an influx of independent stores in. However, downgrading of commercial real estate does have broader ramifications
- duncan_idaho 3y agoThe degentrification going on will lower the prices sooner than later.
- onlyrealcuzzo 3y agoWhich will lower tax revenues... Which will lower government services... And SF government services are already abysmal.
- xhkkffbf 3y agoThe cool, indie stores were the first to go. They can't afford to be so accommodating to theft. The big box stores and the chains were able to cross-subsidize with the profits from the burbs. But now even they can't afford the chaos.
- dougSF70 3y agoThey might also be most motivated by any incentives offered by the city to bring people and shops back to market street/ union square. Part of the perception issue is the ratio of homeless to non-homeless people. Tipping the balance back might help improve perceptions and create a virtuous circle.
- refurb 3y agoSan Francisco was much less expensive in the 60's. Of course the city lost 25% of it's population then and it wasn't a really attractive city to live in.