San Francisco

Has the California proposition changed fundamentally? And does it matter for real estate?

The answer to the first question is yes—the state had a net population decline in 2021, the first drop since it began annual counts more than a century ago.  read more »

The record meltdown of Meta stock earlier this month suggests turbulence in the tech world and a difficult period ahead for the company formerly known as Facebook. But even as Meta’s stock has fallen, the record profits being posted by fellow oligarchical tech firms Google, Microsoft, Apple, and Amazon indicates that Silicon Valley’s hegemony is far from over.  read more »

I recently enjoyed a podcast where the two hosts engaged in a bit of banter about real estate. One had gradually purchased a few homes in a row along the same street and compared them to the little houses in the game of Monopoly.  read more »

This newly released report examines how the California dream can be restored for California's middle- and working-class families. An excerpt follows:  read more »

Some horrified conservatives dismiss California as the progressive dystopia, bound for bankruptcy and, let’s hope, growing irrelevance.  read more »

California is suffering a major demographic reversal, one that threatens both the state’s economic future and the durability of its progressive model.  read more »

For a generation, California has seen more of its residents and companies head elsewhere, but has found a way to respond, at least in terms of wealth creation, by constant innovation. But today, the Golden State’s hold on the elite reaches of the economy is slipping in ways that could threaten the state’s long-term prosperity.  read more »

I went to the dentist and when I returned to the bicycle rack I discovered my broken lock laying on the pavement. No bike. I looked at the security guard standing by the door, pointed, and gave him a look. He said, “Oh. That was your bike?” I gazed up at the security camera bolted to the wall above my head and realized they’re largely a form of public safety theater.  read more »

Preliminary county population estimates just released by the state Department of Finance show that California’s population decline is persisting and accelerating. The state lost 173,000 residents over the year ending July 1, 2021. The Department of Finance reports that there were 56,500 Covid related deaths over the same period, which would account for about one-third of the population loss. Net domestic migration dropped to the lowest rate in a decade, down 277,000 --- more than the population of Marin County.  read more »

“I just took [my son] to our local Walgreens to buy him a toy. While there, a man shoved past me so firmly that he sent me into the shelving. Then he proceeded to fill a brown paper bag with Halloween candy and waltzed out of the store. This is one of five Walgreens stores in SF that will be closing in the next two months, in part because of rampant theft. And our city leaders all keep insisting crime is down.”

San Fransicko: Why Progressives Ruin Cities, by Michael Shellenberger  read more »