[refurb]

This is a bizarre take. The suburbs of the Bay Area are often wealthier and better run than the cities. In fact, it's true of most major cities. The urban core is likely lower income and the surrounding suburbs are where the wealthy live.

Kind of weird to talk about "living on a bunch of credit cards" when it's the cities who seem to burn cash with little to show for it.

[matchbok]

That's how it was in the 90s... please look at real estate date today :)

Cities generate the tax base and subsidize the rest. This is shown in every case. It's not good or bad, just a reality of how density works.

[refurb]

But look at the trend post-Covid. It's basically reversing itself. San Francisco is going be completely screwed by the exodus of workers who live in the city and commuters.

It's one big cycle, people moved to cities during WW2, then out to the suburbs during the 60's. Then back into cities in the 90's, now back out in the 2020's.

[sagarm]

So which is it -- is SF a hell hole because it's too expensive or is it dying because real estate is getting cheaper?

SF will be fine.

[refurb]

Sure it’ll be fine. Just like it was “fine” in the 60-70s when it lost 30% of its population.

But with plunging tax revenue the city is going to be faced with some tough choices.