Independent thinking for complex markets and current events
An empty 16-story office building at 995 Market Street in San Francisco recently sold for a mere $6.5 million. This price represents a staggering 90% plunge from its 2016 value of $62 million. The building, which was once home to Burning Man headquarters and later occupied by WeWork, has faced significant challenges in the city’s struggling office market. With a vacancy rate of …
Federal Reserve Bank of San Francisco President Mary Daly has indeed warned that the U.S. labor market is approaching an inflection point. She emphasized that further slowing in the labor market could lead to higher unemployment. While the labor market has adjusted slowly so far, Daly cautioned that we are getting closer to a point where this benign outcome may …
by confoundedinterest17 I can’t wait to get back where we started from. In terms of the economy. And the CRE office market is showing disaster. San Francisco office market availability rates have soared in Q1 2024 to over 35%, up from less than 10% in Q1 2019. Welcome to The Streets of San Franciso!
San Francisco opened its first $5.5 million free food “market”, where approved residents can show a benefits eligibility card, put what they want in their carts, check out to keep track of outgoing inventory, and leave without paying. The Bayview-Hunters Point facility aims to be a food pantry alternative that replicates the supermarket experience in …
San Francisco’s controversial “Managed Alcohol Program” provides free booze to homeless alcoholics, sparking criticism from a tech CEO and raising ethical questions about enabling addiction. This program is a misguided attempt at addressing the complex issue of homelessness and addiction. While the intention may be to prevent harm and reduce strain on emergency services, providing …
With all of their belongings packed into a stroller, Gabriella Crespo and her 14-year-old son, Adeimis, wait outside an emergency homeless shelter in the Mission District each night, wondering whether there will be space on a school gymnasium floor for them to sleep. Crespo, who fled Venezuela around a month ago to escape sexual violence …
via naturalnews An environmental advocacy group is warning that the allegedly “green” city of San Francisco is heavily polluting the bay with sewage in direct violation of multiple Clean Water Act provisions. San Francisco Baykeeper says it is filing a lawsuit against both the San Francisco Public Utility Commission (SFPUC) and the city itself after …
by Michael If America is heading in the right direction, why have so many of our major cities become cesspools of violence, drugs, theft, trash and homelessness? Once upon a time, millions of young people from all over America flocked to our rapidly growing metropolitan areas. Today, there is a mass exodus out of our …
MORE – The tire from the Boeing plane landed in an airport parking lot and appeared to damage multiple cars.pic.twitter.com/ZkfPGClGMF — Disclose.tv (@disclosetv) March 7, 2024
This is the society that was stolen from you. pic.twitter.com/SaKYcol3LO — iamyesyouareno (@iamyesyouareno) February 24, 2024 In addition to this, but in all 50 states: pic.twitter.com/mLrR98IWl7 — Dave Benner, Nemesis of Neocons (@dbenner83) February 25, 2024 h/t Tonight We Ride!
Thousands of people took to the streets of San Francisco yesterday, closing down the 101 highway and demanding an immediate and permanent ceasefire in Gaza. The demonstrators clashed with San Franciso police as the latter tried to prevent them from blocking the main road of the city. This protest came ahead of the UN Security …
San Francisco was one of the best cities in the world 30 to 40 years ago. But now is filled with crime & homelessness. What went wrong? How do you fix this? 🔊 … sound on 🇺🇸 San Francisco was one of the best cities in the world 30 to 40 years ago. But now …
by confoundedinterest17 The US housing market is goin’ down! While the Case-Shiller National home price index is rising again, it has been slowing since March 2022. This is happening as “the honey pot” (aka, M2 Money printing) growth is now negative. While real hourly compensation growth is slightly, the average rate of growth since April …
via sfexaminer: The San Francisco Unified School District will reexamine its math curriculum following a near decadelong outcry from parents who have been incensed that the district stripped algebra from middle school curriculum. Now, voters will get to weigh in on whether algebra should be offered in eighth grade. A March 2024 ballot initiative was …
The video below shows the how’s and why’s San Francisco is the way it is now. I know it’s a little long but well worth the watch. It’s shows the high rent prices and the exodus of the tech field. There’s also the homeless aspect and drug use. It touches on China and cartels slinging …
Gavin Newsom apparently prefers the décor of cheap Walmart tents over compost filled planters and succulents throughout his city.
via sfgate: San Francisco drivers may soon be barred from turning right at red lights. A “no turn on red” resolution was presented at a Board of Supervisors meeting this week by District 5 Supervisor Dean Preston, who represents the Tenderloin, Western Addition, Japantown and Haight-Ashbury neighborhoods. If the resolution eventually passes, San Francisco would …
Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly a total of …
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …
View post on imgur.com San Francisco’s mayor has ordered city departments including police and public health to propose budget cuts of $206 million by next week in a desperate attempt to reverse the stricken city’s ‘doom loop’ spiral into economic collapse. Law enforcement budgets in the city, which is ravaged by homelessness, drugs and …
One of San Francisco’s largest apartment buildings has lost half its value in five years as the Bay Area has struggled with occupancy issues amid a surge in crime, homelessness and effects of the COVID pandemic. NEMA, the 754-unit apartment building that was once valued at $543.6million in 2018, has seen its valued halved to …
BREAKING: Car crashes into the Chinese Consulate in San Francisco, driver shot https://t.co/16o4Bs8FKz — BNO News (@BNONews) October 9, 2023
As if San Francisco wasn't dangerous enough, SFPD is experiencing an "unprecedented" staffing crisis. More than 700 officer jobs are currently empty, representing 32.4% of its intended size. Another 350 officers are already eligible for full retirement. Between recruitment… pic.twitter.com/kAfesfqm5D — Charlie Kirk (@charliekirk11) October 5, 2023
Homeless pirates are now marauding onto houseboats in the San Francisco Bay in the latest criminal enterprise to plague California. Residents along the Oakland-Alameda estuary told a community meeting last week that boats have been cut loose so that they drift out to sea. One woman even recounted how she had rescued another resident on …
California housing crisis: Tiny 4ft pods in San Francisco are rented for $900 per month – but resident claims you get ‘cool, hacker’ neighbors and the communal lounges ‘are actually nice’ The California housing crisis sparked a creative alternative living concept which gives you a 4ft pod and a communal living area for $900 a …
by confoundedinterest17 Thanks to rampant Federal spending and overstimulus by The Federal Reserve, US housing prices are simply unaffordable for many. Particularly since the Covid epidemic (Wuhan China Flu). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in …
BREAKING: A total of 18 people died from suspected overdose in San Francisco, California yesterday 🚨 https://t.co/Eo6gT7wkCV — BAY AREA STATE OF MIND (@YayAreaNews) August 31, 2023 Coincidentally, these 18 deaths occurred on the same day SF Mayor London Breed filmed this video bragging about cleaning up the streets of San Francisco: pic.twitter.com/7SZF3ZFdBB — BAY …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/CKf75xUiB9 — The Kobeissi Letter (@KobeissiLetter) August 30, 2023
