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Another Brick In The Mall! Downtown San Fran Office Tower Sells At 66% Off As CRE Crisis Claims Another Victim
Confounded Interest ^
| 08/13/2023
| Anthony B. Sanders
Posted on 08/13/2023 9:42:56 AM PDT by Kaiser8408a
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To: ProtectOurFreedom
Why in the world would ANYBODY buy an office building in the San Francisco financial district? What does Presidio Bay Ventures see in it? Step 1: Make the politicians you own create a dystopian reality.
Step 2: Buy up real estate for pennies on the dollar.
Step 3: Make the politicians you own conduct a brutal cleansing of the area you bought real estate in.
Step 4: Profit.
OK, unlikely, but that's how I'd do it...š
21
posted on
08/13/2023 3:45:46 PM PDT
by
Moltke
(Reasoning with a liberal is like watering a rock in the hope to grow a building.)
To: Political Junkie Too
I'll never forget that the San Francisco Board of Supervisors rejected the gift of the Battleship Iowa as a museum ship (anti-war stance) and let it languish in the Mothball Fleet in Suisun Bay for over a decadeā¦ One more reason I donāt feel any sadness about San Franciscoās demise. A battleship with such a rich history and those lowlife blowhards have no respect. I hope it draws plenty of visitors in the L.A. area.
22
posted on
08/13/2023 4:03:41 PM PDT
by
Allegra
(Stop the Zeepers from Censoring FReepers)
To: Allegra
Even Alameda had the good sense to accept the USS Hornet as a museum ship.
I guess the USS Iowa was just too much after having the USS Pampanito and the Liberty ship SS Jeremiah O'Brien forced on them by private groups.
-PJ
23
posted on
08/13/2023 4:09:29 PM PDT
by
Political Junkie Too
( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
To: Moltke
The fact that somebody is buying a building at that deep discount with no prospect of tenants at all in 2025 is startling. Either there’s some huge tax benefit to offset other gains or they see a rebound of SF and are buying at firesale prices.
24
posted on
08/13/2023 7:01:16 PM PDT
by
ProtectOurFreedom
(We are proles, they are nobility.)
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