Revenue Plunge “Worst in the State” Amid COVID Exodus…
Every un-godly city on earth will feel the sting of death Angel.
San Francisco Rents Plunge 35% As Exodus Continues
The median rent for a studio apartment in San Francisco plunged 35% in November from a year earlier, to $2,100, while costs for one-bedrooms slumped 27% to $2,716, according to Bloomberg, citing a new report from Realtor.com.
Declining rents is more confirmation of the exodus from the Bay Area (as we’ve noted: here & here) as remote working allows city dwellers to leave the metro area for suburbs, Lake Tahoe, and elsewhere.
Danielle Hale, Realtor.com’s chief economist, said San Francisco-based technology “companies have been among the most flexible with allowing people to work remotely, and a lot of workers are taking advantage of that.”
Hale expects rents in the Bay Area to eventually recover, though it depends on how quickly people return to the office.
But with Contra Costa, San Francisco, and Santa Clara counties, all recording the most COVID-19 cases since the start of the pandemic – tech workers returning to offices might not be happening anytime soon.
As the work from home future marches on – companies are already scaling back on office space.
Real estate firm CBRE said San Francisco’s office vacancy rate has doubled this year to 8.3%, resulting in office rents dropping by at least 9%.
According to Bloomberg, Pinterest Inc. paid a $90 million penalty to terminate a lease at an office building in the downtown area because it wanted to “rethink where future employees could be based.”
Other companies like Hewlett Packard Enterprise Co. and Charles Schwab Corp. are leaving California for lower-cost states.
With major corporations also packing up their bags, this means workers will do the same, and continue to pressure rents in the Bay Area.
Hans Hansson, president of San Francisco office broker Starboard Commercial Real Estate, said the pandemic is like what happened after the 1989 earthquake when people fled the town due to “uncertainty.”
“We rely on tech,” said Hansson, who gets much of his business from early to mid-range startups with downtown offices. “They’re gone.”
Falling apartment rent prices could be an opportunity for folks who’ve been priced out of the area.
Robert Dumas, 58, drives for Lyft and Uber in the Bay Area – lives more than two hours away from the city. He said rent prices haven’t come down enough for him to move to the metro area.
“They haven’t come down enough to make a difference for me yet,” Dumas said, but he thinks they’ll continue to drop.
He said he’d noticed many more moving trucks in his travels as it becomes evident the great exodus from the Bay Area will extend well into 2021.
We’ve observed many times throughout the pandemic that the coronavirus-related lockdowns, especially as impacting restaurants, bars, theaters and other night venues, have made living in already expensive big cities like New York much less attractive.
It appears this trend of people ‘escaping’ the big cities as the prime lure of being there has largely evaporated — also after a summer of chaotic race and police shooting related protests and mayhem — is poised to hit San Francisco, despite it previously witnessing steady population growth over the past three decades. New tax numbers freshly out suggest a major exodus is already in progress.
But for the first time in recent history, and as the city’s large tech employers like Google, Facebook and Uber have kept their employees at home working remotely, city data shows that “Sales tax data shows San Francisco’s population likely declined during the coronavirus pandemic,” according the city’s chief economist Ted Egan.
The San Francisco Chronicle reports a whopping shortfall in revenue, detailing that “From April to June, the city’s sales tax revenue dropped to $30.8 million, down 43% from the prior year.”
While this is the kind of thing other cities have naturally also experienced over the course of pandemic closures of venues, many have been able to close the gap given simultaneous growth in taxable online sales as households turned to Amazon, Wal Mart and other home delivery services.
Not so with San Francisco, however, the report underscores:
San Francisco’s taxable online sales were up only 1% in that three-month period compared to the same period a year ago, while other California cities saw gains over 10% as people ordered more home deliveries. The modest increase likely shows that residents left the city entirely and weren’t at home to receive packages, Egan said.
“We’re the worst in the state,” he said. “That’s a sign to me that people aren’t here.”
No doubt compounding the trend is the past years of perhaps the most left-wing city policies in the country, a reflection of what conservatives derisively write off as “San Francisco values” and what even NPR has lately dubbed “San Francisco Squalor”.
After all, who really wants to pay a million dollars for some posh condominium in the city, only to walk out into needle and feces strewn streets?
Death Angel Says: California Is Financially and Spiritually Dead, Politicians Chose Science Over God, Enjoy…
House Speaker Nancy Pelosi said Thursday, during an interview on MSNBC, that raging wildfires in California, Oregon, and Washington are direct proof of the climate change disaster unfolding across the country.
“Mother Earth is angry,” Pelosi said. “She’s telling us – whether she’s telling us with hurricanes on the Gulf Coast, fires in the West, whatever it is … that the climate crisis is real and has an impact.”
As Pelosi spoke about the climate crisis, MSNBC showed a series of short clips highlighting the widespread devastation in her home state.
California one week after legalizing pedophilia.
For example, California Governor Newsom, on Sunday (Sept. 6), told reporters during a news conference that wildfires in California were “the realities of climate change.”
“California has always been the canary in the coal mine for climate change, and this weekend’s events only underscore that reality,” he said. “Wildfires have caused system failures, while near-record energy demand is predicted as a multi-state heatwave hits the West Coast for the second time in a matter of weeks.”
And none other than former President Barack Obama tweeted that humans were at fault for the orange skies over San Francisco:
The fires across the West Coast are just the latest examples of the very real ways our changing climate is changing our communities. Protecting our planet is on the ballot. Vote like your life depends on it—because it does.
Pelosi was also heard on Thursday, speaking at a news conference, indicating if Joe Biden wins the White House and Democrats return to power – she would be fully committed to passing climate change legislation.
She said legislation to combat the “climate crisis” would be among the top agenda items.
“It is absolutely a priority,” Pelosi said.
Pelosi made no mention of the Green New Deal, put forth by AOC.
Notably, as RT reports, both the left and the right were offended by Pelosi’s colorful rhetoric…
“Didn’t Pelosi mock the idea of a green new deal? Spare us your crocodile tears,” one self-proclaimed ‘progressive’ person wrote.
Mdm. Robin Hood – Mom Elect of Earth@realRobinHood2·Sep 10, 2020 I’m gonna be brutally honest but please hear me out: Nancy Pelosi is a fucking idiot. Greed, vanity, power, selfishness, & wanton disregard for human life are signs of or lead to abject stupidity & causation is basically irrelevant. She’s a moron. She is not smart. Period.
This just in – the “party of science” would like to read a prepared statement from Mother Earth…7:29 AM · Sep 11, 2020
However, while Democrats desperately try to connect wildfires and hurricanes to the climate crisis, maybe La Nina (see: here) could be the culprit.
Or… California’s “horribly mismanaged forests” might be responsible for the wildfires’ scale
Or… new concerns are growing in Oregon that some of the wildfires have been started by arson.
Nevertheless, Democrats are seizing the moment to push through climate change legislation that would be nothing short of ushering in an era of Modern-Monetary-Theory-funded Green new Deals, and ‘Democratic’ socialism.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven Years of Hell on Earth Which Began January 1, 2020
“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…
While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
This is what their New World Order looks like, Democrats Lawmaker in California: ‘legalize child prostitution’ SACRAMENTO – Beginning on Jan. 1, police cannot arrest child prostitutes in the streets of California, except under limited circumstances. And dumb down people wonder why California is burning to the ground, poke God in the eyes enough times and his anger will start to show…
My job is protecting children. It has taken me from big cities to rural outposts, from ghettos to penthouses, and from courtrooms, into demonic battlefields. But whatever the venue, the truth remains constant: Some humans intentionally hurt children. They commit unspeakable acts—for their pleasure, their profit, or both. StevieRay Hansen, CEO The 127 Faith Foundation
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation