Author Topic: San Francisco: Developments and News  (Read 4950 times)

0 Members and 1 Guest are viewing this topic.

Offline jmicha

  • Jeddah Tower 3,281'
  • *****
  • Posts: 4049
Re: San Francisco: Developments and News
« Reply #90 on: April 10, 2017, 03:58:17 PM »
250,000 housing units would be an increase of 71% over the current number of housing units in SF. There's no such thing as that much demand. That's not realistic at all.

If the tech industry ever starts operating like the rest of the capitalist world it'll be a huge problem. So much valuation, capital, etc. in the tech industry is based on things that hold no actual worth outside of said industry. Valuing a company that can't make a single penny and with no viable revenue source at billions of dollars isn't sustainable and will eventually fall apart, likely with huge consequences.

Offline C-Dawg

  • Jeddah Tower 3,281'
  • *****
  • Posts: 6541
Re: San Francisco: Developments and News
« Reply #91 on: April 10, 2017, 04:01:22 PM »
250,000 housing units would be an increase of 71% over the current number of housing units in SF. There's no such thing as that much demand. That's not realistic at all.

If the tech industry ever starts operating like the rest of the capitalist world it'll be a huge problem. So much valuation, capital, etc. in the tech industry is based on things that hold no actual worth outside of said industry. Valuing a company that can't make a single penny and with no viable revenue source at billions of dollars isn't sustainable and will eventually fall apart, likely with huge consequences.

SF needs to triple its inventory to even come close to median home values of other West Coast cities. The tech startup game is a giant casino, and this is how it is played. The venture capitalists know how to protect themselves from downside risk. Unsustainable startups are what made San Francisco this rich in the first place, and people have been preparing for a tech crash for years. It's not going to be any shock to the system. If anything, people are shocked it hasn't happened yet and are pissed there is nothing to short due to lack of IPOs! San Francisco tech investors know how to manipulate economies and profit during declines. But lately, SF investors have only been focusing on the absolute top talent and business ideas. The more questionable stuff has been outsourced to other cities. The big crash will happen in Oakland, Seattle, Portland, Austin, etc. Those cities could be decimated like a Detroit auto collapse. And those Oaklanders will move right back to SF....a good chunk of the Portlanders and Austinites will too...

San Francisco exists in a bubble that defies economic logic. It's like 2007 Wall Street, but fully prepared for 2008. It's a global power center of the world's .01% (with far less ethnic/racial diversity than other power cities like New York, Toronto, London, etc). Wealth is much more concentrated and protected in SF. The traditional FIRE industries are unbelievably talented here. Lower tier tech workers could get hit, especially millennials who recently moved to the Bay, but the power players who live in The City will be fine.

If the tech industry ever starts operating like the rest of the capitalist world it'll be a huge problem

But it never has nor was it ever designed to. The goal of most startups is to threaten an established player with new technology and get them to buy your company so your executive board can cash out as millionaires. That's why so many companies are just 10-20 employees. Everybody gets rich in that scenario since they have equity. Sustainable business is not the goal of most startups....threatening the companies who have sustainable business is the goal.

*And that's why Uber is so bizarre. I do think they're run by mad men, and not trying to sell to Ford or Mercedes could a be a deathblow down the line...

I would bank on ancient auto companies like Ford, GM, and Mercedes taking out Uber with self-driving taxi fleets. And good for Detroit and Germany...
« Last Edit: April 14, 2017, 06:13:26 PM by C-Dawg »

Offline BCCLE1

  • Kettering Tower 408'
  • **
  • Posts: 316
Re: San Francisco: Developments and News
« Reply #92 on: April 10, 2017, 04:21:35 PM »
Not everything in SF is Tech orientated. As much as SF and its surrounding area is saturated with tech jobs, there are many co's hq'd there that are not associated with Tech.

1. Charles Schwab
2. Gap Inc
3. Levi Strauss
4. Pacific Gas & Electric
5. William - Sonoma
6. Pottery Barn
7. Ghirardelli Chocolate Company
8. Gymboree (children's clothes)
9. Wells Fargo Bank

None of these have anything to do with Tech.



Offline C-Dawg

  • Jeddah Tower 3,281'
  • *****
  • Posts: 6541
Re: San Francisco: Developments and News
« Reply #93 on: April 10, 2017, 04:22:39 PM »
^Yep, it's still a diversified economy, though of course most employment growth has been in tech. But SF still has a lot of relatively stable Fortune 500 companies and a massive finance industry.

College kids don't think of Williams-Sonoma, Levi's, or Wells Fargo as "sexy," but they still have a lot of good jobs in SF. Though Charles Schwab has been outsourcing to real America...

*And there is no downplaying the size and importance of the tourism economy. SF has always been insanely popular with tourists and always will be. Hotel demand and Airbnb demand prove this.
« Last Edit: April 10, 2017, 04:51:48 PM by C-Dawg »

Offline jmecklenborg

  • Jeddah Tower 3,281'
  • *****
  • Posts: 15420
Re: San Francisco: Developments and News
« Reply #94 on: April 14, 2017, 04:44:11 PM »
California isn't going to secede from the United States, so it looks like tech is going to buy an island and move everything there within ten years:
https://www.nytimes.com/2017/04/14/technology/new-zealand-tech-industry.html?_r=0

Think about it -- Peter Thiel, the unabashed right-winger, has hatched a plan for tech to have its own country.  They'll answer to nobody and pay no tax.  If all the money from tech is funneled into New Zealand instead of the United States, they'll be able to raise their own mostly-mechanized military. 

Offline heightsfan

  • Huntington Tower 330'
  • **
  • Posts: 206
Re: San Francisco: Developments and News
« Reply #95 on: April 14, 2017, 07:21:10 PM »
Not everything in SF is Tech orientated. As much as SF and its surrounding area is saturated with tech jobs, there are many co's hq'd there that are not associated with Tech.

1. Charles Schwab
2. Gap Inc
3. Levi Strauss
4. Pacific Gas & Electric
5. William - Sonoma
6. Pottery Barn
7. Ghirardelli Chocolate Company
8. Gymboree (children's clothes)
9. Wells Fargo Bank

None of these have anything to do with Tech.




Williams Sonoma owns Pottery Barn.

Offline KJP

  • Jeddah Tower 3,281'
  • *****
  • Posts: 51147
  • Rebuilding the cities that built America.
Re: San Francisco: Developments and News
« Reply #96 on: March 13, 2018, 09:39:38 PM »
@mattyglesias
 2h2 hours ago

The most unrealistic thing about Star Trek is the idea that San Francisco’s zoning would allow for the construction of Starfleet Headquarters.
https://twitter.com/mattyglesias/status/973671658488848387
"Treat this (November 2018) election as if it's the last election in which you can fully exercise your democratic rights. Because it just might be." -- Margy Waller.

Offline Mendo

  • One World Trade Center 1,776'
  • ****
  • Posts: 1386
Re: San Francisco: Developments and News
« Reply #97 on: March 14, 2018, 12:32:40 AM »
That's funny. The CBD will be full of massive 1000+ ft skyscrapers. The western neighborhoods still 2 story single family homes.

Offline BigDipper 80

  • Key Tower 947'
  • ****
  • Posts: 842
Re: San Francisco: Developments and News
« Reply #98 on: March 14, 2018, 12:41:05 AM »
The Sunset and neighborhoods south of Twin Peaks are some of the blandest areas on that whole peninsula. It's a shame that the NIMBYs aren't allowing for any additional denisifcation even in the most characterless areas. Even replacing some of the two story single family homes with 5-7 story walkups like upper Manhattan would really help, but it's probably not going to happen any time soon.
“To an Ohio resident - wherever he lives - some other part of his state seems unreal.”

Offline mrnyc

  • Jeddah Tower 3,281'
  • *****
  • Posts: 13464
Re: San Francisco: Developments and News
« Reply #99 on: May 05, 2018, 10:40:47 AM »
did anybody see the salesforce tower crown lighting?

its got video, color patterns, etc etc

its...umm...fittingly groovy, man.

https://sf.curbed.com/platform/amp/2018/2/16/17021040/salesforce-tower-lights-top-led-art

lots more on instagram too.

Offline jmecklenborg

  • Jeddah Tower 3,281'
  • *****
  • Posts: 15420
Re: San Francisco: Developments and News
« Reply #100 on: May 05, 2018, 02:56:43 PM »
A state law aims to permit BART itself to develop housing on land it owns near stations:
https://sf.curbed.com/2018/4/19/17258720/bart-bill-housing-ab-2923

Offline mrnyc

  • Jeddah Tower 3,281'
  • *****
  • Posts: 13464
Re: San Francisco: Developments and News
« Reply #101 on: August 11, 2018, 11:19:29 PM »
don’t panic! there is a uniqlo vest vending machine at the sf airport:

https://www.racked.com/2018/7/30/17630246/uniqlo-vending-machine-sfo