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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]SF is ripe for investing in now

It’ll fall somewhat from here but it’s not gonna become Detroit

is sf a dump? Yes

Would I personally live in sf? No

If you aren’t too over levered and can stomach some volatility, people getting into sf now are gonna make a killing in 15-20 years [/quote]

I think you seriously underestimate SF’s risk for complete meltdown due to commercial RE implosion. If companies flee, which they’re already doing in SF, RE values tank.  What’s SF going to tax then? They’ll try to dramatically hike taxes on residents, who will just leave.  Is a death spiral due to their overly progressives politics.  They’re following the same self destructive behavior as Baltimore.  I bet if you asked people in the 1920s if Baltimore could ever become a rundown murderpit they would never be able to comprehend it because Baltimore was so wealthy back then. Yet here we are in the now with Baltimore more murders some years than NYC.[/quote]

I think people are really sleeping on the upcoming commercial real estate implosion.

However, unlike Baltimore, San Francisco is breathtakingly beautiful. People will always pay a premium for that. The base of bad things is just going to be higher.

But what makes San Francisco unusual is tech. I lived in the area for a couple of decades. In 1999, San Francisco was a real city. By 2019 it was a bedroom community for tech bros. They don't give a damn about community. That's the problem.

The dynamics of San Francisco are different than most cities. There is a finite amount of real estate. It's a peninsula. The younger people that can afford to buy something are almost always FAANG types or PE or similar. No teacher is buying a home in San Francisco.

So the voting base has become a bunch of 30 year old millionaires who just don't care. They're not living in the Tenderloin. Crime is an existential problem or a minor inconvenience. And since no one goes "downtown" at all anymore for work, people don't care. Tourist problems

The whole thing is sad. But I think geography and the reality of tech people means that San Francisco remains an expensive dystopia for a good while longer.[/quote]

You can't be serious. If SF was tech bro politics then the homeless would be forcibly removed to LA and fined if they ever returned. The tech bro libertarians most definitely would not be giving them cash and free tools to use drugs. I think what you mean by not caring is donating money to things but not really voting.[/quote]

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