ive seen this play before
drive down prices
buy it up on the cheap
then clean the place up
or is it just cloward-piven in action
a lot of buildings are owned by banks and insurance companies
Yes. Also know as “smash and grab”. The politicians smash it so there buddies can grab it, and give them a cut of course.
San Francisco might be the next Detroit. In that case, the real estate in downtown is worthless.
You understand that socialism is just a means to transfer the wealth of society into the hands of the few.
I keep trying to explain this to liberals, but they think I don’t know what I’m talking about.
🎯
Most city cores are going through the same thing. Huge vacancy. Crappy economy doesn’t help.
corporate insolvencies are up 216% so far this year.
Yep, build back better is at work
If you buy that, I’ve got a bridge for you.
I was in a Financial District office 44 Montgomery right on Market Street. They made a big deal out of being owned by Indiana State Teachers Pension Fund or some such group. 75% drop, that is amazing, and it will not come back. Turn it into condos, I would buy a $100,000 bay view condo if they have them with $200 HOA fees.