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I'm unclear on what the problem is here. People with lots of capital owning real estate seems like the status quo.
by sagarm 3y ago
I'm unclear on what the problem is here. People with lots of capital owning real estate seems like the status quo.
- samstave 3y agoNo, I am talking about the near-term viability of the San Francisco tech/commercial/residential space - where hotels with ~1,000 rooms are being fire-sold because the hedgies are losing ~52% of their bookings [0] So, the overall "slurped up" (as opposed to 'trickle-down') economy is really weak currently, and they are not seeing a positive return for a while, thus - Market street is going to suffer. Let make Zuck and Ellison and Benioff (the largest land owners in Hawaii) convert/rebuild Lahaina - but provide some housing in SF for refugees... :-) https://www.cbsnews.com/news/park-hotels-leaving-san-francisco-clouded-recovery/ https://www.cbsnews.com/news/park-hotels-leaving-san-francis...