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Bay area has gone through some major changes that the bay area doesnt even seem to be dealing with? Foreign direct investment into the area is now hitting a ma

Bay area has gone through some major changes that the bay area doesnt even seem to be dealing with? Foreign direct investment into the area is now hitting a major anti-capital-flight problem. So from VC point of view, there's no growth possible until it corrects. Entire diasporas up and left the area, probably in the area of 500,000-750,000 people. Severely impacting the bay area's viability going forward. Quite identical to white flight from detroit. San fran specifically is quite unlikely to ever recover from this. They'd have to 180 on so much that it's impossible politically. I do expect it'll be probably around late 2026 when VC bleed enough to exit the bay area. Or at least greatly reduce in size. The very people who left were the people needed to fix it. The city of detroit experienced this. Racist policies by coleman young was the reason to leave detroit, different are the causes for the bay area. But the consequences are much the same. History just repeating. It's interesting how willful blindness to the consequences of policies and refusal to undo mistakes have major human and social consequences.

pengaru 2y ago
When housing prices crash in Detroit and SF, which market do you buy in? Exactly. Grouping SF with Detroit is utterly ridiculous.
- incomingpain 2y ago
  >When housing prices crash in Detroit and SF, which market do you buy in? Today, I wouldnt buy either with someone else's money. In the detroit area, I bought my old place for $30,000. Did my own home renos. sold $190,000 a few years later. In the same era when detroit was selling 4 bed 2 baths, with no neighbours for $5000... Obviously i didnt buy any of those money pits. I went for the mansion. >Exactly. Grouping SF with Detroit is utterly ridiculous. I'm not sure how 'exactly' was a response here. The automotive and manufacturing industry in detroit made real estate ridiculously expensive in the 1940s and 50s. Detroit immediately before it's collapse had ridiculous housing prices exactly the same as San Fran. With much the same problems as the bay area. Much worse than the bay area average. Detroit had homeless ghettos of mostly unemployable southerners; while rich business owners left the city en masse. What do you think just happened to san fran? Got any homeless ghettos in san fran?

pengaru 2y ago

When housing prices crash in Detroit and SF, which market do you buy in? Exactly. Grouping SF with Detroit is utterly ridiculous.

incomingpain 2y ago
>When housing prices crash in Detroit and SF, which market do you buy in? Today, I wouldnt buy either with someone else's money. In the detroit area, I bought my old place for $30,000. Did my own home renos. sold $190,000 a few years later. In the same era when detroit was selling 4 bed 2 baths, with no neighbours for $5000... Obviously i didnt buy any of those money pits. I went for the mansion. >Exactly. Grouping SF with Detroit is utterly ridiculous. I'm not sure how 'exactly' was a response here. The automotive and manufacturing industry in detroit made real estate ridiculously expensive in the 1940s and 50s. Detroit immediately before it's collapse had ridiculous housing prices exactly the same as San Fran. With much the same problems as the bay area. Much worse than the bay area average. Detroit had homeless ghettos of mostly unemployable southerners; while rich business owners left the city en masse. What do you think just happened to san fran? Got any homeless ghettos in san fran?