SF city RE prices down to 2017 prices due to crime wave and WFH

[gzz]

I am surprised I haven’t seen this covered before. Spent a few minutes on Zillow and saw a bunch of listings at 2017 prices or 0-10% above prior 2016 sales.

The city is famous for being anti-developer, but there were tons of new construction condos for sale. That’s not helping either.

I also saw a condo that rented for 4k a few years ago fail to rent for 3k for months and then switch the listing to a sale.

I saw also a few small complexes in nice renovated condition and no rent control issues for under 500k a unit.

Really sad and shocking what happens when anti-police politicians take over. They literally elected as their DA a guy who is opposed to bail and is the son of a terrorist couple who murdered two police officers while robbing an armored truck.

While it had its issues even then, SF of 2019 was still an amazing place and the center of techie culture. In 2021 Mission St was like a bombed out war zone and refugee camp, when it was full of unique restaurants boutiques and showcases.

[spdrun]

Or maybe property was just insanely overvalued in SF, to the point that only the wealthy could afford it. Maybe it’s a good thing that pricing is reverting to mean.

Policing in this country was largely crap from the 1990s to 2010s — too many people in prison for victimless crimes and psych/medical issues. I’m GLAD there’s been a reckoning. If business owners and stockholders get slightly less rich because of it, so be it.

Bail and pre-trial remand should only be used in the most serious of crimes. Keeping people locked up for years awaiting trial is fucking inhumane and unconstitutional. The system should be set up not to force people into pleading out to crimes they may not even have committed in order to get out of jail. Possible prison time should (if anything) be reduced to levels similar to what’s seen in Europe.

Also, “bombed out wasteland” is a bit of hyperbole. The yellow press really has it in for NYC, calling it a crime-riddled wasteland. Yet life goes on, mostly normally, for people who actually live here and don’t read the Murdoch (pronounced Merde-dog) media.

Besides, shouldn’t you see this as an opportunity? If prices crash to early 2010s levels, you could buy and rent out to your heart’s content.

[an]

[quote=spdrun]Besides, shouldn’t you see this as an opportunity? If prices crash to early 2010s levels, you could buy and rent out to your heart’s content.[/quote]
Exactly! These shitty policy goes in cycle. Looking for more killings and SF becoming an even bigger wasteland. Give me an opportunity to get in, then the citizens will be sick of it and vote for someone who will bring law and order back to the city and RE price will go back up again.

[spdrun]

The shitty policy was mass incarceration and the War on Some Drugs. Cops and jailers got too fucking uppity in the US and needed to be told their proper place. Create an unemployable class with criminal records due to victimless crimes that never should have been crimes, and you get more poverty, more rage, and more crime. The US fucked itself starting with Reagan.

[sdrealtor]

Uhhh this is about San Francisco not the US. San Francisco has long been liberal and looked the other way at drug offenses and been home of the counter culture for decades. The situation you’re describing is your own personal pity party and was not the state of affairs in that city. What happened in that city is what happens when you don’t control lawlessness for decades not because of aggressive policing

[spdrun]

Glad to see gentrification go in reverse for once.

[sdrealtor]

Lol you’re probably the whitest dude here

[spdrun]

Gentrification isn’t only about race. In many cases, it’s creating a monoculture that pushes everything else that’s interesting out.

[sdrealtor]

[quote=spdrun]Gentrification isn’t only about race. In many cases, it’s creating a monoculture that pushes everything else that’s interesting out.[/quote]

I actually listen to NWA, Dre, Kendrick, Cube, J Cole and others. Don’t pull out the rap card. You’ve probably never listened to any of it. You look silly

[spdrun]

What the fuck do you know about my musical tastes?

[sdrealtor]

Clearly more than you think. Poser. If you actually listened to it you’d never use it the way you are. Now put on your headdress and start whining about stolen Indian lands

[spdrun]

Hook. Line. Sinker.

[an]

[quote=spdrun]The shitty policy was mass incarceration and the War on Some Drugs. Cops and jailers got too fucking uppity in the US and needed to be told their proper place. Create an unemployable class with criminal records due to victimless crimes that never should have been crimes, and you get more poverty, more rage, and more crime. The US fucked itself starting with Reagan.[/quote]
That’s what you get for breaking the law… quit ya whining.

[an]

[quote=spdrun]Gentrification isn’t only about race. In many cases, it’s creating a monoculture that pushes everything else that’s interesting out.[/quote]
What is this monoculture you’re referring to? And what’s this interesting thing you’re referring to?

[spdrun]

The law isn’t always right and certainly isn’t equal to morality. Why is it the state’s fucking business what people put into their own bodies or do in the bedroom? It wasn’t too long ago (within living memory, even) that same-sex and interracial relationships were illegal in many parts of the “land of the free.” Same-sex intercourse was illegal in CA until the 1970s. Pot was illegal even in California until the mid 2010s. Are you saying that the people arrested, jailed, fined, and forced into treatment for those heinous “crimes” got what they deserved?

To your other post: San Francisco used to have a vibrant art and music scene that was largely priced out of the city starting in the late 1990s. If the city ends up a bit more balanced vs being a bedroom community for 20-somethings working in Cupertino and San Jose, maybe it will be a better place for it.

[Author]

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