Monday, August 3, 2020

Rents Are Plunging in the People's Republic of San Francisco

The combo one-two punch of California Governor Gavin Newsom and San Francisco Mayor London Breed, with their erratic unscientific lockdowns in the face of a virus that is not a serious threat to the young and those of working age, is crashing the economy in the region.

Apartment rents in San Francisco are now down over 10%.

I expect much more on the downside in SF. Breed is making bizarre moves for a city that is dependent on tourists. I really doubt she could properly manage the dead and buried in a cemetery, never mind even Buford, Wyoming.


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