How much impact exactly will all the flight, including the big businesses, have on SF? I don't have a good frame or scale for understanding clearly *how* bad this is for SF and in what ways.
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It's very bad. People I know who live in SF have been negotiating rents about 30% lower than a year ago. Which suggests a dramatic collapse in demand to live there. A lot of landlords won't be able to cover their mortgage payments, property values may decline a lot, etc.
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Obvs, if you want to live in SF, lower rents are good. If you want SF to not go bankrupt through loss of property tax income and corporate tax income, it's not so good.
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Supe Hillary Ronen is still blaming homelessness in SF on Republicans. This will be about the nexus between when voters who aren't bailing decide to vote in people who actually want to address our problems: corruption being #1. Until that happens, flight will continue.
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There’s a good episode of a podcast called All In where they breakdown a lot of the things the city is doing that will inevitably lead it to bankruptcy in the next decade.
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It's probably great for SF, maybe it can become a charming mid-sized city again
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In ~10 years SF will basically be Detroit.
After all the big businesses flee for more business-friendly states, all that will be left is the rampant crime and drug use.
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SF is pretty fucked, I know two people that lived there that moved out. Both of them were offered huge decreases on their rental for a least(one was offered 2100 for a studio) and have the same thesis: when I have to go back, negotiate for remote time and live in easy bay.
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