Westfield ceased paying for a large mall in San Francisco last year. Over half of the stores had left/closed. Outside are the tents the sidewalks with used needles,
Sometimes there are articles and comments that these buildings and commercial properties will be sold for 10 cents on the dollar. My response is, who would want to purchase anything in that area. What retailer or service would try to set up a business where the homeless and drug addicts own the town?
Yes I remember, once a thriving mall.
Lemme guess...Soros DA?
At ten cents on the dollar, the investor is buying the ground not the building.
You buy to hold, and wait for the tide to turn on the non-enforcement of the criminal law. I guess.
Cal keeps dumping billions for services to illegals, homeless, addicts and mentally ill. Doesn’t reduce the number. If you could get a lucrative contract from Sacramento you might have a business in one of the buildings doing no good for the street types but making the governor and mayor feel like they are doing something.