San Francisco mass exodus

[Grand Britannia]

Don't you worry, California helps everyone that needs help you can be sure of that.

Careful not to step in shit.

Literally becoming India Best state in the union, yessir.

[Corrian]

Florida is overrated. Would never live there in my life.

[Kramanica]

Careful not to step in shit.

Literally becoming India Best state in the union, yessir.

At least San Fran is safe.

[Kramanica]

Florida is overrated. Would never live there in my life.

Don't like alligators?

[Thermodolia]

Might be a better idea to work on water conservation.

It'd make the most sense to do desalination in addition to that, if nothing else- to reduce the pain for California residents. They live in a hotter and drier part of the country, they should be able to get engineer their way around the constraints they have if they can afford to make such an investment that'd keep being beneficial.

But hey at least they have a high speed train, hat won’t be ready until 2030 and then only in part.

[Corrian]

As somebody living in the Bay Area - and having worked in SF - I gotta say the homelessness is out of control for a supposedly liberal part of the country. There are random homeless people asking for change meandering around the financial district and it's sort of weird watching the suits brush them aside. The government doing something to help homeless people find housing or shelter maybe? - could go a long way.

Don't you worry, California helps everyone that needs help you can be sure of that.

Liberal cities are pretty bad with the homelessness issue everywhere, it seems.

[Grand Britannia]

Literally becoming India Best state in the union, yessir.

At least San Fran is safe.

Nvm they already are India.

[Sovaal]

Florida is overrated. Would never live there in my life.

Most places are overrated.

[Corrian]

Florida is overrated. Would never live there in my life.

Don't like alligators?

Don't like summer-like weather year round with humidity thrown on top of it. I also don't like a place that is so freaking flat that the highest point is 300 feet. I've hiked 6X that in one day more than once.

[Corrian]

It'd make the most sense to do desalination in addition to that, if nothing else- to reduce the pain for California residents. They live in a hotter and drier part of the country, they should be able to get engineer their way around the constraints they have if they can afford to make such an investment that'd keep being beneficial.

But hey at least they have a high speed train, hat won’t be ready until 2030 and then only in part.

That's the most expensive high speed train to build and also the slowest.

By 2030, either the Hyperloop will be viable or we'll have a different kind of train that is much better.

Leave it to the US to always fall behind on train technology.

[Sovaal]

Literally becoming India Best state in the union, yessir.

At least San Fran is safe.

Just like, let it go, man.

[Grand Britannia]

Don't like alligators?

Don't like summer-like weather year round with humidity thrown on top of it. I also don't like a place that is so freaking flat that the highest point is 300 feet. I've hiked 6X that in one day more than once.

Significantly better than getting hepatitis because you decided to walk in the wrong place.

You just have to get used to super mosquitoes that bite through clothing if you live in south Florida.

[Grinning Dragon]

Florida is overrated. Would never live there in my life.

Don't like alligators?

MMM, Delicious, blackened gator, so yummy.

As to the subject of this thread, I don't blame those for leaving San Fran and find a more affordable area.

[Corrian]

Don't like summer-like weather year round with humidity thrown on top of it. I also don't like a place that is so freaking flat that the highest point is 300 feet. I've hiked 6X that in one day more than once.

Significantly better than getting hepatitis because you decided to walk in the wrong place.

You just have to get used to super mosquitoes that bite through clothing if you live in south Florida.

I wouldn't live in a shitty city if I lived in California, I'd live in the mountains again, so that doesn't matter anyway.

[Thermodolia]

But hey at least they have a high speed train, hat won’t be ready until 2030 and then only in part.

That's the most expensive high speed train to build and also the slowest.

By 2030, either the Hyperloop will be viable or we'll have a different kind of train that is much better.

Leave it to the US to always fall behind on train technology.

Actually there are several private companies who are picking up the slack. Texas Central Railway expects to have a Japanese style high speed train from Dallas to Houston in place by 2020. Then you have Brightline in Florida which is a higher speed service and there are plans to connect Atlanta, Charlotte, and Chattanooga by high speed rail.

While all of these systems will have been running for 10+ years the CA high speed rail system will just be starting.

[Kramanica]

At least San Fran is safe.

Just like, let it go, man.

*takes hit*

Didn't mean to kill your vibe, man.

*takes hit*

People should be able to sleep and shit wherever they, like, want.

[Saiwania]

As somebody living in the Bay Area - and having worked in SF - I gotta say the homelessness is out of control for a supposedly liberal part of the country. There are random homeless people asking for change meandering around the financial district and it's sort of weird watching the suits brush them aside. The government doing something to help homeless people find housing or shelter maybe? - could go a long way.

It makes economic sense to house the homeless, but unfortunately- many people won't consent to that. Their presence might negatively impact real estate prices. It costs roughly $30,000+ a year on average, to keep a person homeless because those people tend to regularly go in and out of jail and use emergency rooms for the myriad of health problems they have as a result of their circumstances. Conversely, it costs around $10,000 a year to house a homeless person like Salt Lake City has done.

Doesn't have to be a nice house at all, insulated cargo containers or military style barracks could probably reduce homelessness a ton and some of those people might get their life back together if they aren't some addict or mentally ill person. Better than nothing.

[Sovaal]

But hey at least they have a high speed train, hat won’t be ready until 2030 and then only in part.

That's the most expensive high speed train to build and also the slowest.

By 2030, either the Hyperloop will be viable or we'll have a different kind of train that is much better.

Leave it to the US to always fall behind on train technology.

Trains just aren’t practical in the US save for frieght.

[Valrifell]

California isn't shit, though.

Then explain to me why people are moving away like crazy?

Property is too expensive. That's almost literally the exact opposite scenario to California being shit.

[Corrian]

That's the most expensive high speed train to build and also the slowest.

By 2030, either the Hyperloop will be viable or we'll have a different kind of train that is much better.

Leave it to the US to always fall behind on train technology.

Actually there are several private companies who are picking up the slack. Texas Central Railway expects to have a Japanese style high speed train from Dallas to Houston in place by 2020. Then you have Brightline in Florida which is a higher speed service and there are plans to connect Atlanta, Charlotte, and Chattanooga by high speed rail.

While all of these systems will have been running for 10+ years the CA high speed rail system will just be starting.

Why on Earth is it so slow?

[Sovaal]

Then explain to me why people are moving away like crazy?

Property is too expensive. That's almost literally the exact opposite scenario to California being shit.

Ah, so thy aren’t good enough for it. Got it.

[San Lumen]

Plz stop moving to other states and ruining them Californians.

Why are you confusing the people who elected Weiner as their representative, with the rest of us?

The reason there is a housing shortage is building luxary housing for rich people. If you stopped building it there would not be a shortage. This isn't rocket science.

You do know that in some places of California, the land value is greater than the building costs, right? If I own land, (well I do, but imagine it's a hypo,) why would I sell my land for less than the market value, or build housing there, if I knew it was going to be rent controlled? The only way that rent control can work, is if the Government subsidizes it, hey - what's the debt?

Everything about California is shit. Other blue states have redeemable features but California is pretty much hell.

It's even on fire all the time, you know I'm right.

Nothing quite like a Washingtonian bashing Cali

Everything shouldnt be about making a profit. Housing should be a right

[Grand Britannia]

Property is too expensive. That's almost literally the exact opposite scenario to California being shit.

Ah, so thy aren’t good enough for it. Got it.

There's also actual shit on it so there's that.

[Kramanica]

Then explain to me why people are moving away like crazy?

Property is too expensive. That's almost literally the exact opposite scenario to California being shit.

If it's too expensive for the average person to afford then ya it's shit.

[San Lumen]

If you stopped building luxury housing for rich people with insane rents and built only affordable housing the average person could afford there wouldn't be a shortage.

Why would there be no incentive for maintenance if the rent is below the market rates? The market rate is set by building owners on a large scale. They charge ridiculous rent because all they care about is profit so why not make housing something only the rich can afford?

It is not so cut and dry, at least not in my experience. It is a pain in the ass to own rental real estate, there are so many variables to take into account to maintain profitability. It is not an easy or stable market to be in. Not all of the tenants you get will be created equal (some people are hoarders, some will trash your place), sometimes you have to defend a lawsuit, sometimes you'll have to evict someone, there are many taxes and fees, overhead, repair costs, and so on, that make being a landlord an actual job in and of itself.

You don't exactly get to sit on property and wait for the money to come in. A "good" profit margin will be 2% of acquisition cost theoretically. If the prevailing rent is $1,500 for one locale, then you need to have paid only $75,000 for that property in order to break even. Operational overhead costs will be around 50% of whatever rent you collect. You will be spending money just as much as you collect in cash flow. A lot of landlords aren't the stereotypical rich business tycoon, but rather- are upper middle class people that do well but don't live so high off the hog.

So far as luxury real estate goes, higher valued property will bring in more property tax than less valuable real estate. There probably is a place for some luxury real estate existing, but it perhaps shouldn't comprise the majority of a major city. I'd say it depends on an area's median income.

the problem is in places like New York or San Francisco and many major cities its all they build. Luxary tower after luxary tower.