San Francisco braces for commercial real estate crash
The city officials are asleep at the wheel. Blame it on remote work and pandemic as much as you want, but the reality is that the city was in decline even before that.It is too expensive to live in the city.It is too expensive to commute to the city.It is too expensive to feed yourself in the city.Crime is rampant. Drug use and filth is everywhere.Most importantly city has been hostile to tech and business owners.None of this makes it lucrative for individuals and businesses to go there, which creates this feedback loop that makes it even worse for few that want to.