Article

2023-04-10 Economy

Unexpectedly.

[Epoch Times] The San Francisco Chronicle’s editorial board issued a warning this week that office workers staying home to work rather than commuting to the city will spark a "doom loop" that will erode its tax base.

"Experts say post-pandemic woes stemming from office workers staying home instead of commuting into the city could send San Francisco into a ’doom loop’ that would gut its tax base, decimate fare-reliant regional transit systems like BART and trap it in an economic death spiral," the paper’s editorial board wrote, specifically referring to downtown San Francisco.

"Despite our housing crisis, it was years into the COVID pandemic before our leaders meaningfully questioned the logic of reserving some of the most prized real estate on Earth for fickle suburbanites and their cars," the editorial also said. "And so we wasted generous federal COVID emergency funds trying to bludgeon, cajole, and pray for office workers to return downtown instead of planning for change. We’re now staring down the consequences for that lack of vision."

The Chronicle’s editorial board suggested making more investments into office-to-housing conversions. It also recommended that some office buildings be demolished to make way for new projects, but it said that such moves would require assistance from the California state government.

Posted by Bobby 2023-04-10 00:00|| || Front Page|| [11133 views ] Top

#1 Oregon paper laments homeless crisis, high taxes, violence driving residents to other states

Posted by Skidmark 2023-04-10 06:24|| 2023-04-10 06:24|| Front Page Top

#2 a "doom loop" that will erode its tax base.

The Impact Of Hybrid Work On Commuters And NYC Sales Tax

Posted by Skidmark 2023-04-10 06:29|| 2023-04-10 06:29|| Front Page Top

#3 "We’re now staring down the consequences for that lack of vision."

...I heard that part in Emperor Palpatine's voice.

And you'll notice it's not the out-of-control-crime, it's not the berserk social policies, it's post-pandemic woes.

They deserve everything they get, and then some.

Mike

Posted by MikeKozlowski 2023-04-10 06:48|| 2023-04-10 06:48|| Front Page Top

#4 Imagine how much they are paying "consultants" to figure out how to make dodging excrement on the sidewalks while being accosted by knife wielding homeless people an attractive choice.

Posted by M. Murcek 2023-04-10 08:24|| 2023-04-10 08:24|| Front Page Top

#5 Lack of vision. That is not the problem. The commies had plenty of vision and instituted same. ZFG.SF has been bilking the real workers (commuters) for decades with their insane bridge tolls. How those bridge toll hikes workin' out for ya? Suck harder.

Posted by Rex Mundi 2023-04-10 11:05|| 2023-04-10 11:05|| Front Page Top

#6 ^^^^^
Golden Gate $8.50 a day, Bay Bridge $7.00 a day.
And they don't take cash.

If you preregister FastTrac with a credit card they take a $25 upfront deposit and debit the account as you go.

"To use Bay Area bridges without a toll tag or License Plate Account, you may set up a short-term, one-time payment account that allows you to pay recent or future tolls online with a credit card, or with cash, check or money order at a FasTrak retail location."

Posted by NoMoreBS 2023-04-10 11:55|| 2023-04-10 11:55|| Front Page Top

#7 Circling the drain happens when the system is working properly. I think the Bay Area needs a plumber like Harry Callahan.

Posted by Super Hose 2023-04-10 12:01|| 2023-04-10 12:01|| Front Page Top

#8 give it back to Mexico

Posted by 746 2023-04-10 13:59|| 2023-04-10 13:59|| Front Page Top

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