Posted on 01/17/2024 12:07:42 PM PST by qwerty1234
Accounting firm KPMG is set to move out of its $400 million namesake building, another high-profile exit from San Francisco's beleaguered downtown.
The consulting and accounting giant first leased space in the 25-story office tower when the building opened in 2002. Its name hangs above the entry to the skyscraper where the company currently occupies more than 100,000 square feet.
It comes as shoe store Alto prepares to exit San Francisco Centre, the city's biggest mall, next week.
Businesses and residents have fled downtown San Francisco since the pandemic with groups blaming crime, homelessness and work-from-home keeping people from downtown.
Nearly 100 retailers in downtown San Francisco have closed since the start of the pandemic, a decline of more than 50 percent, according to a recent report.
(Excerpt) Read more at dailymail.co.uk ...
Empty buildings for the homeless and the illegals.
“Embrace the suck SF - you voted for it.”
The left is stealing that one bit of satisfaction I’d get from something like this. The left is so stupid, and so committed to their cause that they are unable to put cause and effect together.
Somehow, it’s all still the fault of Republicans.
CRE is fine.
Sure it may sound bad, but Thank God woke-progressivism is the wave of the future, no policies will never need to be altered, and nothing will ever need to change in California.
/s
“”””Empty buildings for the homeless and the illegals.”””””
That plan would probably not appeal to California if those new categories did not draw federal money and all of the burden fell on SF and the state of California.
I’m thinking I should quit paying bills and just squat in some home bought by Blackstone or some other financial firm.
Maybe start stealing from Target.
Become a pimp…
Especially Trump...
The ever so dapper and clever Gavin Newsome was the Mayor San Francisco until 2011. I predict the same fate for the entire State of California once this person is done with it. Then onto the full USA.
Economists have warned the city is spiraling into an ‘urban doom loop’ - a vicious circle of interconnected trends and forces that send cities into economic and social ruin.
A doom loop describes a situation in which one negative action or factor triggers another, which in turn triggers another negative action or causes the first negative factor to worsen, continuing the cycle. It is equivalent to a vicious cycle in which a downward trend becomes self-reinforcing. The term was popularized in the 2001 management book Good to Great by Jim Collins.
In economics, a doom loop describes a situation in which one negative economic condition creates a second negative condition, which in turn creates a third negative condition or reinforces the first, resulting in a self-reinforcing downward spiral.
KEY TAKEAWAYS
Doom loop describes a scenario in which one negative factor creates another negative factor, which in turn worsens the first or creates a third, similar to a vicious cycle.
Excess government debt can trigger an economic doom loop, as happened in Greece in 2010.
1
A weak banking system (or one overexposed to risk) can also trigger a doom loop, as happened in the 2008 global financial crisis.
Intervention in the form of a bailout is usually needed to break a doom loop.
Repeat the process elsewhere.
More room for illegals, load up those busses Abbott
Libtard Utopia - drug infested crap pile
Alto or Aldo? whatever, bottom line is arrivederci
Here is another article on blue-state cities and the commercial building doom loop. This one in Manhattan.
The downward cycle continues and accelerates.
Vote Blue…destroy decency…
If they’d vote for it, why did CA just go to all mail-in in and ban hand counting of ballots, hmmmm...?
I wouldn’t recommend becoming a pimp. The gals I knew up and down 14th Street in DC were hard to handle. Except the ones on junk.
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