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San Francisco fire sale: Investors 'bottom fishing' are buying up city's downtown at '70% discount'
UK Daily Mail ^
| August 20 2023
| FIONA CONNOR
Posted on 08/20/2023 9:50:58 AM PDT by knighthawk
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To: knighthawk
Now you know why liberals are destroying cities.
2
posted on
08/20/2023 9:52:36 AM PDT
by
McGavin999
( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore………)
To: knighthawk
I think the Wall Street term for that is "catch a falling knife". It's a good way to lose some fingers.
3
posted on
08/20/2023 9:53:55 AM PDT
by
KarlInOhio
(Democrats' version of MAGA: Making America the Gulag Archipelago )
To: knighthawk
“…A run of crime and homelessness in the area sparked a mass exodus …”
Watch that disappear once enough of the properties gets into the “right” hands.
4
posted on
08/20/2023 9:54:14 AM PDT
by
TalBlack
(We have a Christian duty and a patriotic duty. God help us.)
To: McGavin999
Correct. Wonder how many of the buyers are Chinese.
5
posted on
08/20/2023 9:54:39 AM PDT
by
Lizavetta
To: knighthawk
Even if you buy it at a 70% discount, it is hard to make money on an empty office building. Of course, they will slash rents, which will pull the remaining tenants out of the other office buildings, causing those buildings to end up in foreclosure.
6
posted on
08/20/2023 9:57:05 AM PDT
by
Bubba_Leroy
( Dementia Joe is Not My President)
To: knighthawk
I am not savvy about economics or about real estate, but I predicted several years ago that this would happen.
7
posted on
08/20/2023 9:58:12 AM PDT
by
Bigg Red
(Trump will be sworn in under a shower of confetti made from the tattered remains of the Rat Party.)
To: McGavin999
You’ve got a point, but it’ll take YEARS before these destroyed cities come back....if they ever do!
8
posted on
08/20/2023 9:59:27 AM PDT
by
Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience.)
To: knighthawk
Blackstone limo seen in area?.
9
posted on
08/20/2023 9:59:54 AM PDT
by
Vaduz
(....)
To: knighthawk
Take your pick:
A. Don’t try to catch a falling knife.
B. Buy when there’s blood in the streets.
I’m going with ‘A’.
But Baron Rothschild got rich with ‘B’.
10
posted on
08/20/2023 10:02:27 AM PDT
by
Leaning Right
(The steal is real. )
To: knighthawk
The investors will get screwed when the city locks down once again.
11
posted on
08/20/2023 10:02:36 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: Lizavetta
Correct. Wonder how many of the buyers are Chinese. Well, you don't see Mexicans flooding in with millions of dollars to buy real estate in SF. Chinese have been pulling money out of China and parking it elsewhere in real estate, whether it be Canada, USA or Europe. If coastal cities have downtown real estate at a 70% discount, the Chinese will park their money here.
12
posted on
08/20/2023 10:06:36 AM PDT
by
roadcat
To: knighthawk
Why be a property owner in San Francisco at ANY price?
13
posted on
08/20/2023 10:06:38 AM PDT
by
lowbridge
("Let’s check with Senator Schumer before we run it" - NY Times)
To: Ann Archy
You’ve got a point, but it’ll take YEARS before these destroyed cities come back....if they ever do! If these properties are being snatched up by foreigners, you can expect law and order (under authoritarianism) to return with a vengeance. I don't think the Chinese owners will tolerate open drug markets and vehicle break-ins.
To: knighthawk
When the elites finish building their bunkers in Maui.
They will be able to shop, dine and spend the nights in the rebuilt San Francisco.
Everything we were told was a lie.
Everything we are being told, is a lie!
Everything we will be told, will be a lie!
15
posted on
08/20/2023 10:07:57 AM PDT
by
Grampa Dave
( Asylum Seekers go to empty college dorms/class rooms in NY/NJ/Mass/West Point & NE blue citiesl)
To: knighthawk
Hehe.....”bottom fishing”
To: Bubba_Leroy
Which they will then buy.
17
posted on
08/20/2023 10:10:03 AM PDT
by
calljack
(Sometimes your worst nightmare is just a start.)
To: KarlInOhio
I can’t help but think you’ve nailed it there.
I may be wrong, but over the next decade it’s likely
those properties will be destroyed by invaders off the
street.
We may see them have to be torn down.
18
posted on
08/20/2023 10:10:26 AM PDT
by
DoughtyOne
(I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
To: KarlInOhio
That’s what I was wondering. Is it really a good deal?
19
posted on
08/20/2023 10:11:20 AM PDT
by
EEGator
To: knighthawk
Q: What is a building that went down 90% in price?
A: It is a building that went down 80% and then another 50% after that.
20
posted on
08/20/2023 10:12:28 AM PDT
by
glorgau
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