San Francisco is dying
>Open to Offers.
$1
Normally, you would say the San Francisco real estate market will bounce back… But I’m not so sure now
Sky high cost of living? Check.
Rampant crime? Check.
Feces covered sidewalks? Check.
Used needles lining the gutters? Check.
Homelessness on many streets? Check.
Leftist politicians? Check.
and on and on.
San Francisco is dying
CRE is collapsing. The covid WFH situation doomed it. Major companies have been divesting their real estate holdings. Boeing, for instance, dumped their 900,000 foot commercial aircraft HQ in Seattle, with more to come. They built it in 1992 just for their business, but closed and sold it.
Go woke, go broke.
Too bad about San Francisco, it was once a beautiful city.
And this isn’t even the frisco skyscraper that’s leaning over !
I wouldn’t even give a $1 for that timebomb.
Why buy? Smarter to become a squatter NOW! You can getting for nothing and even if you lose and get evicted you have a rent free place for YEARS!!! Longer especially if you can hang in and delay eviction until the owners go bankrupt!
No problem! The city can use it as a homeless shelter!
San Fran should buy it and house the homeless.
Well, poo.
How much will they pay me to take it?
They will take all the commercial office buildings and turn them into housing. Then they will force all the people in rural and suburban areas into those high-rise apartments. Its he plan.
If the price drops low enough, don’t be surprised if the city buys it and uses the empty offices as public toilets - after all, I remember a story on the SF city council approving a contract for a single public restroom at a cost of $1.7 million.
And drug-addled transients looking for a crash pad.
The state of CA should buy it and fill it with the homeless.
They will then burn it to the ground within two months.
Do not trouble our tenants and guests.
new Chinese mobster owner
Make it into a homeless shelter and soup kitchen. About all it’s good for now.
I never believe occupancy stats. My former town I would see tons of empty space walking down town. The stat released was 6% vacancy which I think is total BS. The city down town is booming as far as population but retailers just cannot afford to locate down town. Not only that but you have crazies yelling at the top of their lungs and stupid new bike lanes.