Posted on 01/12/2020 9:59:32 AM PST by SeekAndFind
Leftists are such horrible people. I am happy, though, to see the leftists that voted for the leftists in government are getting exactly what they voted for.
JoMa
It’s in the state constitution or the legislature would have repealed it long ago. I understand there will be a ballot measure this year to repeal the commercial protections. Then, after they’ve finished wrecking the commercial real estate market, local governments will cry their need to repeal the residential protections. I’d anticipate a fight, but why should the common folk, who can’t afford to buy anyway, care? I could see preservation of 13 being portrayed as racist, ie mostly benefitting white people.
Real estates prices can be affected by relatively few transactions, since the vast majority of houses are not on the market at any given time.
As a result, investors of any kind (financial instruments, foreign investors are two examples) can make prices get high and stay high. These kinds of folks are heavily invested in San Francisco (and other urban and suburban CA) real estate.
These are the two groups most likely to bail if the market gets soft. As a result the markets with the highest prices are the riskiest, and when they fall they can fall very fast.
Right. I must have been thinking about SFO and not Candlestick.
Further proof (as if any is needed) that liberals/progressives/ani (same diff) ruin EVERYTHING they touch.
CW-II.. Coming soon to a liberal town of your choice.
That's exactly what happened to Vancouver, Canada.
...and human excrement on the sidewalks and in the super markets...and needles and syringes in the public parks...and vagrants and druggies sleeping on the streets...and rats...and bedbugs...and illegal immigrants...and voter fraud...My daughter-in-law discovered that she had been de-registered to vote. My son wasn't. When she inquired, she was told that it must have happened when she moved from one house to another in the same vicinity. When she asked why her husband wasn't de-registered, nobody seemed to know. BTW, she was a registered Republican, and he was a registered Independent (having anticipated this kind of corruption).
I’m not sure I buy this article - where as it has the most expensive real estate in United States and it’s the most popular tourist city on the planet
Now we live here in Marin County and don’t ever go out to the city because- screw it. ! No parking. Car break ins. Etc
Yeah? But how about them 49ers!
In time they will need to build walls to keep San Franciscans from leaving. Only homeless. crooked politicals and cops will live there. The seeds of Socialism. The Hippies won and you see the results the summer of love sans the love.
Because, CAPITALISM WORKS. All of the 'street floor store front shops' have moved to the second floor, and you can't get there without a keyword pass code.
They step over the stinken street people, never look, and go directly to their shops on the "safe floors".
The 'street people' are the 'underground people of the futuristic movies'.
F'em, until they rise up and kill you.
The sad thing is, they WILL.
Back in the 60’s Atlanta Ga had section of Peachtree street that was OK but ol. Peachtree is the main street of atlanta running from downtown out past Buckhead. This section was older development . Rather than upgrade it as it was the city fathers let it go to hell. Piedmont park, just south of Peachtree became a drug market. XXX movie theaters opened. Panhandlers proliferated. Real estate values crated. Then all of a sudden the police moved in, set up a station and ran the riff raff out. The real estate was bought up by those in the right circle, a development plan (e.g. tax incentives for the new buyers) went into effect and now it’s a high rise tony neighborhood. Maybe Pelosi’s real east rich husband is in on the same scheme in San Francisco.
I've never been south of Santa Maria...
You might sometime consider a day or so just a bit south in Santa Barbara. Haven't been there in decades but it was once an attractive ocean-side jewel and pleasant place to live.
Central California is like heaven on earth.
You clearly speak of the coastal areas. Sacramento, Lodi, Stockton, Modesto, Fresno, San Bernardino are a glimpse of tougher times ahead.
The drive from Salinas to SLO is amazing. Mile after mile after mile of grape vineyards. Not separate vineyards.
Indeed. Recall reading with pride during my early school years living in Palo Alto a climatological map of the world . The map colored that small slice of California has having one of the best vineyard climates in the world, second to none.
Perhaps someday California can be liberated.
I am an optimist by nature, but my money says it will turn only on a catastrophic event. Meanwhile it will continue to become like that in the movie Blade Runner; and taxpayers elsewhere, as typical, will be asked to cover the mistakes-experiments of the liberals.
Would recommend for your consideration the coastal route above SF as well as a few days in Yosemite. {;^)
Utica NY took a real beating back in the late 1990’s. Griffiss AFB closed and GE left. There weren’t any jobs to speak of, and the job I took was doing commercial sales at a small manufacturer.
The Corn Hill section was literally on fire. Every evening, there would be a house fire. The fire department would engage and start putting it out. Then four more would start up once they got their equipment setup.
The deal was... you’re paying a mortgage on a house you can’t sell for enough to close out the loan let alone any money and you don’t live anywhere nearby. What do you do?
Enter our friends with the broken noses. House 1 is the sacrifice. They set it on fire and the FD puts it out. You file the claim and rebuild the house on the cheap and sell for what you can get. The other three or four fires are the real target. They are TOTAL losses by the time FD can set up to contain the fire(s) the only thing left is the cellar. For them, they take the insurance $$$, fill in the cellar and leave the house to the city for back taxes and they are in the clear. The deniability is that they were living in North Carolina or Texas and weren’t anywhere nearby when it went down.
For a few thousand dollars you could get yourself out of a tough spot if you knew the “right people”. Utica was always known as a “mob” town.
That is the problem with parasites. They eat the host until it is dead then wonder what happened to their food. . .or blame it on President Trump for refusing to be the next ‘host’.
It should happen before foreclosures. People have lots of good high-paying jobs in the Bay Area. If they were truly sick of the drunks, bums, druggies, poop, etc in SF, they would be selling their houses and getting out now.
No doubt it will accelerate during the next downturn and wave of foreclosures when houses go under water. But it is odd that prices are still resisting down forces.
I don’t think the insane Dems will try a wholesale repeal of Prop 13. They’ll first undo it for commercial real estate, then go for residential.
“It’s ALWAYS has been a hellhole.”
No. I moved there in the early 70s and it was actually a nice, clean city where you could raise a family and be safe. The problems were constrained by the City Fathers and the police to the Tenderloin, the Western Addition, and a bit of the Mission districts. Elsewhere it was clean, safe, fun and everything worked.
Interesting theory and it's the first time I've heard that. I really have a hard time believing that to be a root cause, though. I just did a quick search for data on the number of inductees who failed fitness exams in WW II and couldn't find anything.
The great weather is probably a much bigger factor. It's just so much easier to be a bum in an area with a good climate and lots of prosperity.
Then the Great Society made it easy to get paid for not working and the states then out-competed to offer the most homeless benefits.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.