San Francisco property values tanking

[Anonymous No.55835446]

>Owners of San Francisco’s office towers, shopping centers, hotels and homes are flooding the county with appeals to slash their property assessments — and tax payments — as real estate prices sink in the beleaguered city.
>Some of the world’s biggest landlords, including Brookfield Corp. and Blackstone Inc., have filed for assessment cuts. The volume of such appeals have doubled in the three years since the pandemic. Assessments for this fiscal year went out in early July, and new appeals are expected to surge before a Sept. 15 deadline to request reductions.
>The city already faces a $780 million budget deficit through 2025, forcing Mayor London Breed to raid her reserves and leave vacant jobs unfilled, among other belt-tightening measures. San Francisco's latest budget assumes the city will be forced to refund $167 million to property owners over the next two fiscal years due to appeals.
>For San Francisco, the property forecasts are even more dire: Prices for office towers may plunge as much as 60% from pre-pandemic levels, according to Boston Consulting Group. Owners of the city’s largest shopping mall, two of its biggest hotels and two office buildings controlled by investment giant Pacific Investment Management Co. stopped making mortgage payments this year rather than hold onto money-losing properties.
>Meanwhile, the median San Francisco home price sank 16% in June from a year earlier, and residential sales volume dropped almost 17%, according to the California Association of Realtors.

https://archive.is/M3K1X

[Anonymous No.55835484]

>>55835446
based

[Anonymous No.55835715]

>>55835446
how do i short san francisco? serious question

[Anonymous No.55835740]

I could honestly see San Francisco becoming the next Detroit by 2030

[Anonymous No.55835748]

Hell yeah CRE going to light this candle.

[Anonymous No.55835754]

>let in half of mexico
>get half of mexico

hm i wonder why

[Anonymous No.55835764]

>>55835754
SF is Indians and other misc. Asians.

[Anonymous No.55835784]

>>55835446
AHAHAHAHAHAHAHAHAHAHA FUCK SAN FRANCISCO AND EVERYONE IN THAT PIECE OF SHIT CITY KEEP YOU CANCER ON YOUR SIDE OF THE BAY AND DROWN IN THE SHIT OF THE HOMELESS MOTHERFUCKERS. i mean yeah wow thats crazy bro

[Anonymous No.55835801]

>>55835740
Detroit is unironically becoming a great city.

They already went through their post-apocalyptic phase

[Anonymous No.55835808]

>>55835715
>serious question
shorting implies buying it back at some point. idk why you would want to ever do that, the place is irreparably fucked

[Anonymous No.55835858]

>>55835740
It was because all the industry and manufacturing left detriot though. As long as sf still has a tech sector it will just become diluted but not fully apocalyptical.

[Anonymous No.55836006]

>>55835858
The tech sector can only support so much. When you have retail stores closing in mass because of rampant shoplifting, homeless and open drug markets on every street corner and surging crime rates with a completely apathetic city council you're gonna be left with a post apocalyptic hellhole.

[Anonymous No.55836105]

>>55835715
REK

[Anonymous No.55836169]

>>55836006
Yes, but there needs to be no jobs for it to fully collapse. People with money are still willing to live there because it is close to apple hq or whatever. You need them to leave for it to go full mad max.

[Anonymous No.55836335]

>>55835715
If you legitimately think they'll default you can short their municipal bonds. You might also be able to get puts on bonds but the leverage on that would probably be insane so you'd need a bunch of money up front. That's a really great way to just slowly lose your money though.

[Anonymous No.55836344]

>>55835801
Lol fuck off. I was in Detroit just the other month.

[Anonymous No.55836401]

>>55836344
How was it? I hear there's now a very nice downtown + suburban core, and everything else was left to rot.

[Anonymous No.55836433]

>>55835446
The government shouldn't be responsible for their bags, they took a risk and it didn't pan out. Not my problem.

[Anonymous No.55836472]

>>55836401
I was on the west side north of the airport (on my way to Northern MI) and it was full of niggers, half the traffic lights didn't work (???), everything was disgusting.
The contrast between that and Sault st Marie was pretty incredible.

[Anonymous No.55836606]

>>55835858
>It was because all the industry and manufacturing left detriot though.
Industry comes and goes. Wherever there's cheap industrial real estate and cheap semi skilled labor you get manufacturing. Other cities had that happen and didn't turn into Detroit.

[Anonymous No.55837417]

>>55835715
There are regional etf's (I think bond related) and also real estate etf's (commercial real estate). There's also short etf's related to the tech industry might work.

[Anonymous No.55837500]

>>55836433
This is what zoning laws will due to the entire country.

[Anonymous No.55837519]

>Ever thinking a libtard city will lower your property taxes

[Anonymous No.55837543]

I have to be in CA to visit family that still lives there for some reason
can't avoid going to SF. haven't lived there in over 10 years and I saw the whole state turning into a pile of shit long before there were literal piles of shit everywhere
wat do?

[Anonymous No.55838361]

>>55835446
Fuckin' whitey better pay FULL TAXES in SF so I can move there for my reparations.. If it makes you feel better I will invest 1/4 in Link.

[Anonymous No.55838393]

Makes sense. Real estate can't be going up 10% every year without some corrections

[Anonymous No.55838397]

>>55835446
>Mayor London Breed
hehe

[Anonymous No.55838413]

last time I went there was 12 years ago and it was the worst big city I had ever seen. Surprised it still exists

[Anonymous No.55838518]

>>55838397

The mayors of NYC & SF are Soros associates

[Anonymous No.55838568]

In the 80’s, the democrats were a respectable alternative to the republican party, but now they’re an entirely emotionally driven virtue signaling virus full of minorities that consume and destroy everywhere the reside over.
>still get overwhelming amounts of votes and wins

[Anonymous No.55838575]

roflmao taxes will probably go up

[Anonymous No.55838733]

>>55835446
stacy bros...how are holding up?

[Anonymous No.55838800]

I feel liek they want the bigger cities to collapse so rich fucks can come in and buy for pennies on the dollar, then once the property is owned by elite, they'll actually start to enfore the laws like "oops we fucked up, we'll fix it, please come back and live here now" and dumb yuppy fucks will, and they'll rent the houses they once owned for 100x more than they use too. We're getting squeezed to eat, be sheltered and to travel. Even women sell their time for men to jerk off too instead of just fucking men. This place sucks. legit.

[Anonymous No.55839168]

>>55838397
london sneed needs to get placed on the farallon islands so she can think about what shes done to that city

[Anonymous No.55839184]

>>55838800
It's exactly what's happening.

[Anonymous No.55839190]

>>55838800
This but not just big cities (although it's a good start)

[Anonymous No.55839217]

>>55835446
It only has another -99.9% to go and maybe it will be worth it to buy property there again

[Anonymous No.55839394]

>>55835740
The next big industry boom will happen in the mountain states. I don't think Boise because it will just fill with coastal refugees who don't bring anything new to the table. My money's on Salt Lake or Billings.

[Anonymous No.55839406]

>>55835801
Nigga I've lived in Detroit for 35 years. While it's not as bad as the 90s, it's not recovered and never will. There's just nobody here anymore.

[Anonymous No.55839423]

>>55835754
OH LOOK ITS SOMEONE WHO HAS NO FUCKING IDEA WHAT THEY'RE TALKING ABOUT

Mexicans trickle in

It's these fucking East Asians, Central Asians and South Americans who are getting in through Mexico

We have titles in place to send Mexicans back who come through
Everyone else gets a free pass in

You can find literal silicon valley dot indians walking around the deserts of Mexico trying to sneak in

It's always the fucking Asians

[Anonymous No.55840773]

>>55835446
>Blackstone

So the Robocop theory was correct

[Anonymous No.55840814]

>>55836472
It does not help that Michigan's population has increased by 7% since 1980 but their infrastructure liabilities have increased by 50%.

[Anonymous No.55840889]

>>55835740
>>55839394
Fuck you, you dont deserve South Dakota.

[Anonymous No.55841013]

>>55835858
It's trivial for tech companies to leave if it gets worse though. It's not like they have factories or physical supply chains to move.

[Anonymous No.55841246]

I'm thinking of flying out to SF to go on some "shopping sprees" iykwim. I get to accelerate their downfall, lower their property values, and I get nice designer handbags for free with little risk. It's that easy.

[Anonymous No.55841281]

>>55836344
Just contrarians being contrarian like usual
>>55839394
Already happened during the pandemic you dumbass. No shit it’s going to continue. Who posts dumb predictions like this?

[Anonymous No.55841293]

>>55839423
Asians built the railroads out west, there is actually a legitimate reason why asian culture is so rooted in California.
The indians however, are parasites

[Anonymous No.55841413]

>>55839394
>The next big industry boom will happen
Industry isn't coming back to America bud.

[Anonymous No.55841683]

>>55835446
Blackrock's gonna scoop them up and you'll still be seething in five years while the Jew's stranglehold tightens to new levels never before thought possible.

How low can you go, white man? Hell is bottomless. HH!

[Anonymous No.55842006]

>>55835446
>Blackrock a year ago
They're titans, controlling the world. You can't possibly beat them and one day they will own everything. Kneel now or suffer.
>Blackrock today
Waaahhh we can't afford these taxes. Oh nooo our zestimate!

[Anonymous No.55842025]

There's so much wealth tied up in the Bay Area/LA. How long could they practice aggressively antisocial government before it finally collapses for realsies not just on conservative blogs? It feels like these people don't ever lose, but then again it's only been about 15 or so years of true insanity there.

[Anonymous No.55842271]

because of the high crime
https://www.insider.com/government-employees-san-francisco-told-to-work-from-home-crime-2023-8

[Anonymous No.55842435]

>>55835801
I work in Detroit and overall it's fine since I live close. The other anon is right though, I call it The Empty City. Businesses and people have been moving out since Covid. There's not enough revenue to fix the city.

[Anonymous No.55842493]

>>55835446
>I take out a loan for property
>interest rates rise dramatically and I can't afford it anymore
>LOL EAT SHIT GO DIE ON THE STREET!

>they take out a loan for property
>waaah gubberment save us pls
Fuck the world.

[Anonymous No.55843102]

>>55842025
people talk about california emptying out but actually new york is the fastest shrinking state
and illinois isn't far behind

[Anonymous No.55843212]

>>55843102
That's just NYC moving to NJ.

[Anonymous No.55843289]

>>55842493
Boomers when others take out loans: " you took out loans, you pay them back!"

Boomers when they take out loans: " GOVERNMENT BAIL ME OUT NOW!"


i bet boomers will get their bail out too

[Anonymous No.55843332]

>>55835446
What do you e-mail a mammoth? A mammogram!

[Anonymous No.55843362]

>>55843332
That joke doesn't make sense. Even if you said "mammothgram" it wouldn't be funny.

[Anonymous No.55843377]

>>55835446
Wow who knew that niggers shitting in the street and homeless AIDs trannies weren't a sustainable environment for real estate... There's a lesson here for ETH baggies.

[Anonymous No.55843493]

>>55835446
California is blessed so much natural beauty, natural resources and a Mediterranean climate. It should be a paradise. Instead it's been transformed into an irredeemable shithole. It's very sad.

[Anonymous No.55843678]

>>55843493
it WAS a paradise until johnson let the mexicans in and reagan gave them citizenship

[Anonymous No.55844952]

>>55835446
Is this advanced blockbusting or is this just going to lead San Francisco to be a new Detroit, Chicago, New York, Philidelphia, Los Angeles?

[Anonymous No.55845071]

>>55835446
San Francisco and the entire Bay Area is an absolute shithole, but the problem is that most residents are just so used to it that it doesn’t phase them. It gets a little worse every day but you see enough shit and you just get desensitized. I have multiple coworkers who’ve been assaulted on their commutes and they chalk it up as
>oh well that’s just living in the city!
Nobody even bats an eye at the junkies shooting up on street corners, yelling on the streets, walking into stores and just casually grabbing things and walking out. As long as people can go home to their apt with a doorman and gated windows they just don’t really care. I work remotely for a company there and go in a couple times a year, it’s always
>anon don’t you want to come out to happy hour?
>anon you should come visit more often!
Fuck no I’m not spending a minute longer in that city than I absolutely have to.

[Anonymous No.55845514]

>>55835715
Significant shorts are hard to pull off, and are usually done by companies and corporations. For someone in your position, the best course of action would be to invest in something that will surely grow as a direct result of the decline of San Francisco.
Invest in property in rural America, especially places where fleeing west coast liberals will go to.

[Anonymous No.55847358]

>>55839184
the george floyd riots were done for the same reason, driving property values in urban cores down

[Anonymous No.55847394]

>>55835446
>>55835446
>>55835446
Maybe now people who aren't 6-figure techies can afford to live there.

[Anonymous No.55847414]

>>55839406
never say never

[Anonymous No.55847434]

>>55841413
i think you underestimate the scale and depth of the changes that are coming

>>55842006
you sound like a demoralized faggot and i hope you realize that blackrock is actually doing us (We the People) a favor by consolidating assets, because when We file a huge antitrust antimonopoly lawsuit for their egregious and illegal manipulation of the entire economic system and they are dissolved it will make it much easier for control of the economy to be transferred back to the people

Aladdin will end up as our best friend. i know it sounds crazy, but there's hope. keep your head up. these next 10 years or so are going to be wild

[Anonymous No.55847442]

>>55842435
Detroit and other post-collapse rust belt cities will become paradise in the era of regeneration driven by impact investment. the problems facing our world are actually extremely good investment opportunities but people don't realize it yet.

[Anonymous No.55848923]

>>55836401
The "very nice downtown" has only 1500 white people who live there out of 4000 people. It's surrounded by roughly half a million blacks in all directions.

All of the land is owned by Gilbert (owns Rocket Mortgage and all the new housing) and Illitch (owns the casino and sports teams). You work for one of them and live in their housing.

Detroit's goal is to push black people to the suburbs. They've displaced about 300k so far. They demolish their homes after they leave so they can't come back. Then they remodel downtown in hopes of replacing them with working class white people.

Knew a dumb Zoomer who moved down there because of he like pictures of the exposed brick apartments online and was excited for the bar scene. Didn't even last a year.

Suburbs used to be fantastic. Got destroyed in the 2000s as the Big 3 replaced Boomers with Indians. Novi and Troy are 40% white under 20. You have to go at least 45 minutes away for good areas now.

[Anonymous No.55848966]

>>55838733
zestimate stacies dont buy office buildings

[Anonymous No.55848985]

>>55848923
>Knew a dumb Zoomer who moved down there because of he like pictures of the exposed brick apartments online and was excited for the bar scene. Didn't even last a year.
What drove him out?
It seems like there's a lot of cheap land out there to set up a little urban homestead. I'd love to live in a cheap warehouse and do all sorts of crazy shit.

[Anonymous No.55848990]

>>55848923
Rochester Hills reporting in. Oakland county was one of the wealthiest areas in America for decades and every year it tumbles further down the list as the negro menace radiates further outward. Every year more indians flood in. Doctors here are like 50% white now. I'm moving soon.

[Anonymous No.55849021]

>>55848985
He thought downtown was an enclave full of affluent, white, educated professionals. Quickly realized that it's maybe 40% white people and that everyone else was simply visiting for an event.

He grew up in an idyllic >95% white affluent small town in a McMansion tucked away in the township. Was culture shock for him but honestly he'll be a better person for it. I recommended Royal Oak instead of Detroit but he couldn't get talked out of it and that's where he's going next.

[Anonymous No.55849051]

>>55849021
Where do I go in Detroit if I want to have a big-ass warehouse for projects and an extra plot on the side for a small personal farm? Or is this a stupid idea?

[Anonymous No.55849126]

>>55848990
The metro area is dead. Boomers were the last who got to enjoy 90%+ white suburbs with good paying jobs. Now everything pays 50-60k/year and it's 350k+ for a 30 year old house in a cookie cutter 60% white subdivision. I left a few years ago and don't regret it. The only people who stay are the white trash losers.

I would only recommend Michigan if you can snowbird in the Traverse City area. Denver, Nashville, Indianapolis are far better options.

[Anonymous No.55849769]

>>55848990
when I last visited Oakland, my girlfriend and I walked to the mushroom church (I don't do mushrooms, and she was rude to the people that and was excommunicated rather quickly) we attempted to get to the bus stop. This was daytime in Oakland, and both of us were startled and very nearly eaten by a chained dog next to a trailer someone was living in on a grassy divider in the road. We quickly took an Uber and got the hell out of there.

[Anonymous No.55849891]

>>55849126
Indianapolis is just as boring as here but even more geographically ugly to me...but at least I'd probably be able to get a desirable house for less than 500k. This area has good schools but obviously they'll just degrade over time as the area becomes more """diverse""". I have a list of a dozen places I'd rather live but I don't want to buy a house right now and my parents live here so I need to convince them to move too lmao

>>55849051
you'll be raped by property taxes, pillaged by roaming niggers, and it won't even be cheap anyways (if it's in salvageable condition)