[McGavin999]

Now you know why liberals are destroying cities.

[KarlInOhio]

I think the Wall Street term for that is "catch a falling knife". It's a good way to lose some fingers.

[TalBlack]

“…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.

[Bubba_Leroy]

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.

[Bigg Red]

I am not savvy about economics or about real estate, but I predicted several years ago that this would happen.

[Vaduz]

Blackstone limo seen in area?.

[Leaning Right]

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’.

[dragnet2]

The investors will get screwed when the city locks down once again.

[lowbridge]

Why be a property owner in San Francisco at ANY price?

[Grampa Dave]

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!

[Toddsterpatriot]

Hehe.....”bottom fishing”

[glorgau]

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.

[Aria]

That wouldn’t be Blackrock would it?

[Newbomb Turk]

There are huge costs to maintain an empty office building. You can’t just shut off the utilities. Mold grows in your climate control equipment and other places like carpet and office furniture when you do that.

[stylin19a]

same thing happened in houston in the early 80s...oil bust.
Then oil boomed again.

can’t imagine what will make SF boom again...

[The people have spoken]

Office vacancies dipped to a low of 31 percent this year

I think they mean "Office vacancies increased to a high of 31 percent this year."

Or "Office occupancy dipped to a low of 69 percent this year."

[ridesthemiles]

Property taxes will plummet-—and city budgets will be hammered.

[P.O.E.]

This is a war of attrition. The new owners will install their own “police” in due course.

[aquila48]

Probably not a bad play.

They figure sooner or later even the morons that elect the morons that run the city are going to be fed up with crime and start cleaning things up.

SF is too beautiful a place to stay a sewer.

[stars & stripes forever]

QUESTION: What will the “big one” do to land values?