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Posted on 08/08/2026 10:33:54 AM PDT by Angelino97
America's most powerful banker has made a huge bet on San Francisco by investing $200 million in Bay Area housing and opening a new headquarters there.
JPMorgan Chase chief Jamie Dimon designated the region as a new corporate center for the bank this week, after pledging to fund hundreds of waterfront units in the city.
Dimon praised the Golden City's booming economy and the stunning comeback it has made on public safety since the initiation of Mayor Daniel Lurie in January 2025.
Speaking at the San Francisco Chase Center on Monday, Dimon said Lurie has been 'doing all the right stuff' as crime rates have plummeted in the downtown retail hub.
Dimon also lauded Lurie's new zoning plan, but said eye-watering rent prices are still pushing public sector workers like nurses and teachers out of the California city.
'If you had proper (housing) supply that could be rapidly deployed, you wouldn't have that problem,' Dimon said. 'I think we should raise our hand and do things that fix it.'
America's biggest bank is helping alleviate this by investing $200 million to help fund a 342-unit waterfront housing project less than a mile from Chase Center, he said...
Overall, crime in the city dropped 25 percent in 2025 compared with the previous year, with violent crime decreasing by 18 percent and property crime 27 percent.
The trend continued across most crime categories this year, with one notable exception – homicides, with 16 recorded in the first six months of 2026 compared with 12 during the same period last year...
Many more billionaire CEOs have also placed their chips firmly in San Francisco over the past year, including major firms like OpenAI, which signed a new office lease in Mission Bay, and Anthropic, which expanded its downtown operation in September.
(Excerpt) Read more at dailymail.com ...
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Good money after bad
And all the FREE human manure he can carry !!!
I’m surprised some bright spark hasn’t suggested demolishing the prison and putting condos on Alcatraz.
It seems to me that Dimon is a closet liberal. However, he does make money so I’m not qualified to criticize, even though this seems very odd to me.
what about the $3 billion headquarters Chase built last year in NYC?
“JPMorgan Chase chief Jamie Dimon designated the region as a new corporate center for the bank this week”. Somebody is going to have to clean up the streets and sidewalks from human feces first Jamie, is that you or Nancy Pelosi?
Steaming Pile.....
have they bulldozed the open-air drug markets and stopped the legions of drug addicts from sleeping and pooping on the sidewalks and discarding their used needles on same?
HA!
1. President Trump (and ICE) have done amazing work getting much of the fentanyl and other icky, hard drugs off the streets. There's that, and also...
2. It's no secret that many (typically blue, of course) cities and states know several ways to flim-flam crime stas. One is to avoid arrests, charges, or work to reduce charges. Another is to defund or alter priorities of police.
The trend continued across most crime categories this year, with one notable exception – homicides, with 16 recorded in the first six months of 2026 compared with 12 during the same period last year...
Oh for pity sake. Here's a headline that never made beyond the political officer's desk...
HOMICIDES UP TWENTY-FIVE PERCENT IN SAN FRANCISCO.
Zackly.
Of course no shopping in person and certainly no travelling on public transit.
Many more billionaire CEOs have also placed their chips firmly in San Francisco over the past year, including major firms like OpenAI, which signed a new office lease in Mission Bay, and Anthropic, which expanded its downtown operation in September.
In other words, government isn’t fixing SF. The free market is doing the job.
JPMC’s $3bn headquarters remains in Manhattan. Most financial institutions have regional hubs/headquarters.
Put the bong down.
“HOMICIDES UP TWENTY-FIVE PERCENT IN SAN FRANCISCO.”
That suggests crime is up overall but people are reporting crimes that are more minor less often.
Lived in SF 20 years. 2003-2016 our home doubled in value. 2016-2026 it has doubled again
Is Jamie Dimon a Democrat?
AI Overview
Jamie Dimon, the JPMorgan Chase CEO, has a complex political history, previously describing himself as “barely a Democrat” and noting that his “heart is Democratic but my brain is kind of Republican”, though he has since distanced himself from the party label.
What’s in it for me dealer
Sounds like you should stay there and enjoy the appreciation.
Probably picking up properties for 10 cents on the dollar.
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