From the NY Post:
Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing
San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like nobody is sounding the alarm.
The city’s housing market, in particular, has been hit hard over the past year, with prices plummeting and homeowners fleeing in droves.
JPMorgan Chase CEO Jamie Dimon didn’t mince words when he compared San Francisco’s woes to those of New York City, calling the Bay Area “in far worse shape.”
“I think every city, like every country, should be thinking about what makes an attractive city,” Dimon told Maria Bartiromo in an interview on Fox Business.
“It’s parks, it’s art, but it’s definitely safety, it’s jobs and job creation, it’s the ability to have affordable housing. Any city that doesn’t do a good job will lose its population.”
San Francisco is failing on all fronts and in turn, its housing market is quietly crashing.
Once-luxurious properties are now listing and selling for massive discounts just to attract buyers.
Consider the penthouse at the San Francisco Four Seasons Residential, initially listed in November 2020 for $9.9 million, now begging for buyers at $3.75 million — a jaw-dropping 62% markdown.
It remains on the market today.
Homeowners desperate to escape the sinking ship are offloading their properties at losses, with many seeing their investments dwindle by hundreds of thousands of dollars in just months.
A five-bedroom home at 478-480 Fourth Ave. sold for $1.1 million earlier this month, after selling less than a year prior for $1.6 million.
At 88 King St., a two-bedroom condo overlooking a ball park that sold for $1.12 million more than a decade ago in 2014, recently sold last month for $1.08 million.
Another two-bedroom condo at 1075 Market St., which sold in 2019 for $1.25 million just traded hands earlier this month for $675,000 — and after a price cut, to boot.
Frist
“It’s parks, it’s art, but it’s definitely safety, it’s jobs and job creation, it’s the ability to have affordable housing. Any city that doesn’t do a good job will lose its population.”
San Francisco is failing on all fronts and in turn, its housing market is quietly crashing.
That sums it up. It’s transitioning to Texas, Tennessee, Florida, South Carolina, Idaho with a few other sunbelt states ramping up. I’ll be going back to Silicon Valley next month for a week or so. I was there last year and I could see why San Fran had that romance and charm. Even though we only visited the Wharf, Oracle Park for a game, Ghirardelli’s, a ferry ride to Sausalito and a wine bar, it was beautiful. I wanted to tour the city but lifelong residents/colleagues (and time restriction) steered away from it. They alluded to the fact that the city is in ‘distress’ in certain areas and shied away from the idea.
Point being, NYC, Chicago, L.A., S.F., Seattle, etc. are all in Urban ICU and some hard ‘scrubbing’ needs to be done.
“sold in 2019 for $1.25 million just traded hands earlier this month for $675,000 “
Pretty bad when the seller has to bring a six figure check to closing.
A surge in immigration last year helps explain the economy’s striking resilience — and if sustained, could allow the job market to keep booming without stoking inflation in the years ahead.
“It’s just arithmetic,” Powell told the House Financial Services Committee. “If you add a couple million people to an economy, a percentage of them work, there will be more output.”
“I’m just reporting the facts there,” he added. “I’m not going to say anything is needed for the future or good policy indirectly or directly. I think it’s just reporting the facts to say that immigration and labor force participation both contributed to the very strong economic output growth that we had last year.”
Btw, can someone tell president vegetable that you don’t say the word ‘pause’ out loud on the teleprompter? It means you pause for effect to make the delivery more dramatic. The vegetable’s handlers need to do a different font or something but then again, slo joe doesn’t have the mental capacity or IQ to understand it, regardless.
Going to be an ugly open in the market today.
BREAKING:
“The US economy grew at a slower pace than expected in the first quarter.
The Bureau of Economic Analysis’s advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2.5% during the period.”
Trump’s obvious cognitive decline is hilarious:
https://youtu.be/ld193SuACa0?si=OF017Q5NJO64CLcc
He’s a retard.
3b -Perhaps every company has already applied the breaks on expansion and hiring as soon as they realized the promised rate cuts are not coming.
VSG – re: “It’s just arithmetic”
Half of the illegal immigrants are from Mexico, they are not eligible for work permits under the existing Temporary Protected Status rules. Venezuela, Ukraine, El Salvador, Haiti, Honduras, Nepal, Nicaragua and Sudan sure but Mexico no.
They law needs to change they need work permits and they need to pay taxes. They system will collapse with the debt we are now incurring, as we are running the debt through the roof growing large than our GDP every year. It now stands at 129% of GDP.
There will be a revaluation of our “reserve” currency status if it keeps up.
9:36 waaaammmmp waaaaaammmmp
You still aint winnin’ pig pen
( )( )=========D ——- suuuuuck it Trumpers
BREAKING:
New York State now in play. Besides Trump leading in the swing states, polls now showing NY closer than expected.
Ten 471
Made an error. Hehe. Sure he did. America’s justice–oops -cough cough- LEGAL system is working just the way it intended.
Sorry ladies, time for you to go outside and scream. Maybe go and Bobbit someone. The courtroom ain’t where the justice is going to happen. A Temu 5 dollar knife should be able to get the job done.
Harvey Weinstein has had his New York rape conviction overturned. The New York Court of Appeals ruled that the disgraced movie producer had not received a fair trial. In a 4-3 decision, the court determined that the original trial judge had made an error in allowing women to testify who were not part of the case.
Our government doesn’t do this. The Chinese do. Ban TikTok immediately.
At least 13 financial institutions are being investigated by Republicans in Congress for colluding with the federal government to spy on Americans after the January 6 protests looking for ‘extremism’ indicators.
The House Select Subcommittee on the Weaponization of the Federal Government led by top Republican Jim Jordan, R-Ohio, is investigating ‘collusion’ between U.S. banks and federal agencies in the aftermath of the Capitol riot.
Hard to go out all night drinking if you have a baby at home. Plus all the vacations, the trips, expensive clothes, and the ever elusive McMansion that Grandma is hanging onto with her bony arthritic fingers.
US fertility rates slump by 2% in a year to lowest on record, with 1.62 births per woman in 2023
Pension good, 401k bad. Kim Jong Un, Supreme Leader of North Korea says ” That’s not Rocket Science.”
Hehe.
Shock slowdown in US economic growth in first three months of 2024 sparks fears of downturn and sends stocks plummeting
Supreme Court testimony today very interesting…..
“In his argument about how Trump should be immune from prosecution, Sauer has proposed several things that former and current presidents could be indicted for.
He wondered, for instance, if President George W. Bush could be indicted for obstruction of an official proceeding by giving false information to Congress that caused the U.S. to go to war in Iraq under false pretenses.
Sauer asked whether President Barack Obama could potentially be charged “with murder for allegedly authorizing drone strikes” targeting U.S. citizens abroad. He also said that maybe President Joe Biden could be indicted over his handling of the influx of migrants at the U.S.-Mexico border.”
Juice,
Each and every one of those things you posted should happen.
But they won’t.
Some animals are more equal than others.
None of those examples are similar to treasonous Jan 6 insurrection
Juice Box says:
April 25, 2024 at 10:55 am
Supreme Court testimony today very interesting…..
“In his argument about how Trump should be immune from prosecution, Sauer has proposed several things that former and current presidents could be indicted for.
He wondered, for instance, if President George W. Bush could be indicted for obstruction of an official proceeding by giving false information to Congress that caused the U.S. to go to war in Iraq under false pretenses.
Sauer asked whether President Barack Obama could potentially be charged “with murder for allegedly authorizing drone strikes” targeting U.S. citizens abroad. He also said that maybe President Joe Biden could be indicted over his handling of the influx of migrants at the U.S.-Mexico border.”
“Very Stable Genius says: 8:07 am”
Any time I question the value of a well grounded liberal arts education centered around critical thinking and analysis you come on here and reinforce its value.
“New York State now in play. Besides Trump leading in the swing states, polls now showing NY closer than expected.”
Stop, please. The RNC is incompetent enough without enticing them to chase pokemon…you want to win, States like NY, CA, etc are entirely fucking irrelevant and there should be zero spending and zero effort there….a few hundred thousand voters in a handful of counties will determine your next President. None resides in any of these States. Focus your effort there, and on regaining the suburban wife nationally.
Very Stable Genius says:
April 25, 2024 at 11:04 am
None of those examples are similar to treasonous Jan 6 insurrection
Yeah they are. They are all CRIMES.
You know, like LOOTING.
Funny how dolts feel that some crimes should be prosecuted, but others should not.
Court is going to have a tough time for sure determining how they are going to go about keeping immunity in place in some form.
The law is not clear on what is an official act or even what represents personal gain. They may not even have a decision soon as recess in June and they won’t be back until the first week in October right before the election. The existing federal trials will be on hold until then.
So it’s down to this current NY DA Alvin Brag trial in NYC or perhaps the Fulton County DA Fani Willis to prosecute and convict Trump before November.
Maga arguing for the return of monarchy is quite hilarious. Absolute power and all
IIINNNNNNNN-SUUUUURRRRRRRRR-EEEEE-RRRREEEECHCHCHCHUUUUNNNNN!!!!
DEEEEE-NIIIIIIIIIII-ERP!!!!!!
DUH-MA-CRAZY IS DYYYYYYY-IIINNNNGGGG!!!!
Focus your effort there, and on regaining the suburban wife nationally.
The drunk suburban wife? Which side should she choose? The one grabbing the Tabby cat, or the other one spending America into a death spiral?
The RNC is incompetent enough without enticing them to chase pokemon…you want to win…
C’mon man! We can use our proton packs to lasso liberals!
judges, prosecutors, legislators have loads of immunity.
Heck Cops do too.
Absolute Immunity.
Diplomatic Immunity
Qualified Immunity.
How come the rest of us don’t get any of that vaccine? We get the cheap stuff forced on us.
Phoenix
I think I may have found LAX’s bias.
https://youtu.be/0oiqKFowHW0?feature=shared
Can’t wait to watch 45 and 46 debate. Will remind me of hanging out in the community room at my grandparents assisted living place.
Is that DeBlasio?
Hold my beer says:
April 25, 2024 at 11:17 am
Phoenix
I think I may have found LAX’s bias.
https://youtu.be/0oiqKFowHW0?feature=shared
“Court is going to have a tough time for sure determining how they are going to go about keeping immunity in place in some form.”
Will be interesting for sure…a lot of grey area if you open that box up….
Seems cleanest way is to draw a hard line at official acts vs personal acts, eg. a President strangles his wife no immunity there…
Question then becomes what constitutes an official act and do the facts of this case qualify?
Interesting opening statement in the Stormy Daniels trail by defense lawyers where a DJT charge encompasses ‘attempting to influence an election’….counsel basically said ‘well of course he did, that’s how our system works, you persuade people to vote for you and not for the other guy.’
re: “President strangles his wife?”
State Crime? No? Even made a move about it years ago.. Murder at 1600
Juice: Perhaps. Jamie Dimon says he is doubtful about soft landing.
Don’t forget, FED could always cut rates and we’ll be off to the races. Hold strong here.
That first quarter GDP number is a blessing in disguise.
At least the Swiss are professionals. This one is amazing to watch. Don’t need anything other than common sense to see how bad this is.
https://youtu.be/KW6lAwLy_Os?t=61
“Gray area”? No, no gray area.
14th Amendment
Section 3.
No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same
VSG,
LOL!! G0d bless you for your dream of an erection. Was that Trump in the horns leading the charge? lolol.
Justice Alito just blew up the entire argument by the DOJ.
Alito: “If the president gets advice from the attorney general, that something is lawful, is that an absolute defense?”
Dreeben: “yes”
Alito: “Wouldn’t the President just pick an AG who’ll let him do whatever he wants?”
Dreeben looked stunned.
This question goes back to Obama approving the blowing up of US citizens with Hellfire missiles, just because they were in Yemen and preaching online, and maybe leading the terrorists there. Back then the DOJ under Obama’s wing man Eric Holder found this action legal and Judge Alito knows this. It went to the DC court twice as well.
Then there are Title 50 covert action authority, top secret killings that may include some Americans. It’s all top secret, the courts have never been given an answer on this one. Does the President answer to the Judicial at all? Seems only impeachment for now anyway..
Damn Juice,
You are on a roll. Keep going.
Gonna get me some popcorn and enjoy the show.
Hold my beer says:
April 25, 2024 at 11:20 am
Can’t wait to watch 45 and 46 debate. Will remind me of hanging out in the community room at my grandparents assisted living place.
I agree. Except that my kid’s future partly depends on what these two geriatric demented old goats are able to destroy.
HMB,
Yeah, I prefer your biases.
I thought more along the lines of RuPaul for him, but hey, Big Bird works too.
Whatever floats your boat I guess.
All of this police action on the youth, yeah, they are learning a lesson.
Never trust the PoPo.
Got a problem, call a cop, now you have two problems.
Sure some protestors deserved the treatment, but my guess is many innocents are caught up in the fray.
Those are the ones that will be polarized forever. Like the sheep herder’s kid who watches his daddy and sister get blown up by an errant Obama missile- and told that they were just “collateral damage.”
May take years, but they will be coming for you. Sleep with one eye open. As if it’s gonna help…
2:04 play stupid games win stupid prizes
Lib: Off to the races and run away inflation.
“Gray area? No, no gray area.”
Why, because some NJ liberal who can’t reason himself out of a paper bag ‘sees’ and ‘knows’ an insurrection? LOL.
Moreover, aside from the rhetorical question I’ve asked here from the beginning – what exactly defines an insurrection and specifically who gets to make that judgement – there is legal debate whether A14 S3 applies to the President as written.
But don’t let small items like those inhibit your trolling or TDS.
2:17 efforts across multiple states to “find votes”,
Efforts to subvert a free election, violence in the Capitol.
If those were Obama supporters on capital hill that day you never
stop screaming about it.
“Lib: Off to the races and run away inflation.”
But cheaper mortgages. It’s for the children!
LAX says:
April 25, 2024 at 2:19 pm
The Obama supporters were burning down the cities BEFORE this all happened. Yet they were all given a pass, George Floyd was our new national hero, and many laws about crimes were changed. Defunding the police didn’t work out that well.
Hey, does anyone know when Adam Schniff is going to hold the next hearings on the Jan. 6th erection?
Jim,
The main problem was bail reform. It’s good to see they are starting to fix this obviously flawed change.
And there are still some serious systemic issues with the police. I always felt the problem was with hiring and their insatiable desire to be militarized. I think things are starting to change for the better there.
Ultimately though, it’s all just another case of who really cares in the government.
FYI, we just got off of the phone offering our town a significant tax dollar savings on educating our D over the Summer. They poopooed the idea since it would be more work for them. God forbid a public service worker work a little harder to provide better service to their constituents at a significant savings to the taxpayer. I see this same phenomenon repeated over and over again. That lack of profit motive really creates the laziest workers.
LAX – re: ““find votes”
Yeah that one down in Georgia? I hear Fani herself now has to prosecute that one. Her boyfriend was kicked off the case.
Lib: Cheaper mortgages and higher house prices!
3:36 srsly?
Phoenix
There’s a lid for every pot.
Lax…..
“…efforts across multiple states to “find votes”…”
Nothing irregular here. Every close race any jurisdiction has an all out effort by both Parties to find votes for themselves and disqualify votes for others. Or you going to go back in time and lock up everyone involved in FL in Bush v Gore?
“Efforts to subvert a free election…”
I don’t know what this means, doubt you do either even although you typed it. An unsupported non-sequitur.
“…violence in the Capitol.”
Property damage and misdemeanor assault by a minority of the individuals present. Charge them. If you attribute it to DJT show how he is responsible and legally culpable. And don’t forget to charge the perpetrator of the single direct fatality, the Capitol officer who shot dead an unarmed woman.
“If those were Obama supporters on capital hill that day you never stop screaming about it.”
You seriously have me confused with someone else here.
Any other MSNBC talking points?
4:19 let’s agree to disagree, capiché
Wow: https://www.dailymail.co.uk/news/article-13350787/x-users-construction-worker-biden-video.html
Powerful stuff
So who wants a Fresca?!
Lax: I would rather a Tab.
I miss my Snapple Tru Rootbeer.
Holy crap folks. I’ve never seen toys….cars, boats, bikes, etc etc like i do on the local Facebook marketplace. Boats, too. Looks like people are unloading toys en masse.
https://www.facebook.com/marketplace/item/927631808763936/?mibextid=HHaHfI
Anyone need a Ferrari?
Battle for eyeballs…
Various news sources.
Justices appear ready to reject Trump’s immunity claim
Supreme Court Poised to Agree with Trump
Lib.
Stupidity? Laziness? Contempt for you the taxpayer? Do they think you are getting one over on them?
Pretty sad you gave them a golden goose and they threw it back in your face. But I’m not surprised.
FYI, we just got off of the phone offering our town a significant tax dollar savings on educating our D over the Summer. They poopooed the idea since it would be more work for them. God forbid a public service worker work a little harder to provide better service to their constituents at a significant savings to the taxpayer. I see this same phenomenon repeated over and over again. That lack of profit motive really creates the laziest workers.
And a Chinese kid produced 100 Iphones in the same amount of time:
A black Baltimore high school athletics director has been charged with using AI to generate a recording of the school’s white principal going on a racist rant.
Dazhon Darien, 31, previously worked as the athletic director at Pikesville High School – but was the target of a probe into the mishandling of school funds.
In an act of retaliation, Darien allegedly generated a fake audio recording of the school’s principal, Eric Eiswert, ‘spewing racial and anti-Semitic insults about staff and students.’
Female California teacher, 46, pleads no contest to raping 14 year-old boy as he celebrated his eighth grade graduation
Michelle Solis, 46, pleaded no contest to charges related to having sex with a 14-year-old student several years ago
Solis’s case is part of a disturbing trend in the US of female teachers facing legal action in relation to allegedly unlawful sexual behavior
How to get fired from your state job.
https://www.tiktok.com/@ccsnowwww/video/7360518243234090282?q=cc%20snowwww&t=1714094700736
Left that is a lot water you are carrying for Donnie and the tourists. The only thing you said today that I agree with is that Gary must be smoking from Lax’s stash if he think Donnie is not losing NY by large double digits.
Juice, What did AG John Mitchel go to jail for?
I lived in San Fran back in the late 90s. It had the same issues as today. The tenderloin is still off limits and the homeless problem and the black H problem is still there.
So I had a really interesting conversation with a recruiter today. He was working for a boutique firm and was selling me on an Enterprise Architect role for a Retail firm that need to upgrade everything from accounting to the Website.
He said he started to notice the slowdown in Sep 2022. His firm has gone from 28 recruiters to just 4. He is getting by on experience and his network. He placed the CTO at this firm and is now tasked with filling the team. He did say he is finally seeing the market improving. There are signs that a lot of companies have stabilized and are now starting to hire.
I am also working with another boutique firm that got me a 2nd round team interview with one of the Big 4. That would be a 3 month contract with a view to go permanent when the new Financial year rolls around. That should happen next week.
So hopefully I can come off the board with one of those two.