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[quote=Anonymous][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]

You underestimate Sf’s geography — it’s pretty rare on the planet

Money will always find its way to coastal areas with picturesque views and temperate weather

It’s not going to devolve into South Africa levels of dysfunction

CRE will get repurposed on a multi decade time horizon — if you have a family office between 5-10 billion, allocating 10-15% in Sf is smart and will pay off over a generation [/quote]

You vastly overrate SF’s self worth.[/quote]

Pp here - Bloomberg from yesterday:
 https://www.bloomberg.com/news/articles/2023-08-01/california-s-home-to-more-millionaires-than-ever-and-they-re-getting-richer

“It was the inaugural reception for Core, a members-only club opening next year for Californians ready to shell out $15,000 to $100,000 in initiation fees, along with thousands more in annual dues. For the New York-based company, the expansion marks a big bet that wealthy clientele will flock to the city’s ailing downtown.”

She has reason for optimism: Even as California contends with population loss, exorbitant housing costs and corporate departures, it remains one of the most popular places for global wealth. In fact, it has become home to even more ultra-rich residents in recent years, helping to bolster the world’s fifth-biggest economy while inequality has deepened.

“We’ve never seen an absolute growth in the number of millionaires like this data,” said Cristobal Young, a Cornell University professor who has studied wealth migration. “Ultimately, California is a great place to make money

…:.

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