Pussies. The reason is right in everyones face and these jackwagons have to lie about why they’re pulling out
It’s supposed to be this way.
It’s no mystery.
People start electing Democrats.
The the city falls to pieces.
Then vote for more Democrats who will do the same.
Detroit, St. Louis, Memphis, Birmingham, etc.
The people who live there like this, it’s what they want.
Stores leaving San Francisco....Looks so lonely and empty now.
tumbleweeds welcome....
https://www.youtube.com/watch?v=4tiPOMd14eQ
Great song....
https://www.youtube.com/watch?v=fWR6FLnPack
Congratulations, lefties. You have destroyed one of the world’s great cities.
But just think of all the revenue SF is garnering from its “vacancy tax”?
Yep, a per foot tax that increases in rate every year the property owner is unable to rent/lease it. This is separate from property taxes.
The city thinks this will encourage the property owners to find someone stupid enough to rent the buildings in an area guaranteed to lose money.
“Escape from SF...”
When a neighborhood goes down hill there are a few types of businesses that pop up. One is a phone store, the others are tattoo parlors, pawn shop and payday advance stores.
For a phone store to close things are really bad.
I owned a rental property in SF. I saw how mentally ill the meth addicts were becoming. I sold in 2006, at or around the peak of the property market. I paid outrageous California and federal capital gains taxes, but it was well worth it to go out of the rent controlled apartment business. Two of my 7 units were paying 1/3 of market rent, another was paying half the market rent, and 2 were paying about 3/4’s of market rent. They’d never leave, simply because they couldn’t afford to live anywhere else, at least in SF.
Kinda brings a smile to my face to think of those leftists, revelling in their rent controlled apartments, “sticking it to the man.”
If the San Fran 1906 earthquake hit today, it would be wonderful. No great loss...