San Francisco Has Fallen

[kmgilroy89]

They do deserve every penny:

San Francisco saw the biggest jump in its real gross domestic product (GDP) of any large county in the U.S. for 2021, a countervailing point to the grim economic news that has predominated in recent months.

From 2020 to the end of last year, San Francisco saw an increase of 14% to its real GDP, which is a measure of the total value of goods and services produced in a specific region, adjusted for inflation. Between those two years the county saw its GDP increase from $175.9 billion to $200.5 billion

It's not just about GDP, SF is the most expensive city in the country to live. How equitable is the distribution? How much of that is directly tied to tech and the stock market bubble? What about the median family? People are moving out of the Bay Area, not moving in.

 

[gwb-trading]

It's not just about GDP, SF is the most expensive city in the country to live. How equitable is the distribution? How much of that is directly tied to tech and the stock market bubble? What about the median family? People are moving out of the Bay Area, not moving in.

Rising GDP in San Francisco is certainly tied directly to Silicon Valley tech and wealthy techies and not evenly distributed across the residents in any way.

 

[Tsing Tao]

They do deserve every penny:

San Francisco saw the biggest jump in its real gross domestic product (GDP) of any large county in the U.S. for 2021, a countervailing point to the grim economic news that has predominated in recent months.

From 2020 to the end of last year, San Francisco saw an increase of 14% to its real GDP, which is a measure of the total value of goods and services produced in a specific region, adjusted for inflation. Between those two years the county saw its GDP increase from $175.9 billion to $200.5 billion

Oh, sure. Lets compare a reopening year print to the year of the pandemic, when the economic output of the city came to a stand still. That makes a lot of sense.

Where are the pre-pandemic numbers to now?

 

[VicBee]

Using general data to deny reality is curious. There is no question that key businesses are quiting downtown San Francisco, no question that vagrants have taken over several blocks of downtown and no question that petty crime has significantly increased in the last 3 years.
To deny that San Francisco is in dire straits is not knowing San Francisco.

 

[Tsing Tao]

Using general data to deny reality is curious. There is no question that key businesses are quiting downtown San Francisco, no question that vagrants have taken over several blocks of downtown and no question that petty crime has significantly increased in the last 3 years.
To deny that San Francisco is in dire straits is not knowing San Francisco.

He's going to hold on to whatever candle still gives off light in an effort to deny that leftist policies are ruining the city.

 

[Cuddles]

It's not just about GDP, SF is the most expensive city in the country to live. How equitable is the distribution? How much of that is directly tied to tech and the stock market bubble? What about the median family? People are moving out of the Bay Area, not moving in.

if businesses that matter are moving out of SF because of "dirty homeless", why does their GDP keep going up?

 

[kmgilroy89]

if businesses that matter are moving out of SF because of "dirty homeless", why does their GDP keep going up?

The stock market made a lot of rich people a lot richer during the pandemic, especially those in the tech space. You need to look at the median and compare it to inflation, not the averages. The averages are skewed towards the wealthy, especially in a place like SF.

 

[Cuddles]

They will point fingers at each other, but both the left and right are a complete disaster. The right doesn't want to fund anything that's necessary (mental institutions, housing, etc) and the left is afraid of being too authoritarian/cruel. For the vast majority of citizens to live their best lives, for the sake of saving lives, and for the sake of the overall economy we need to look at both more public housing and having stricter laws/enforcement like Asia has when it comes to drug use, drug dealing, and panhandling. This so-called harm reduction approach is killing people and destroying local economies. Oregon's decriminalization of drugs is a complete disaster. They saw Portugal decriminalized, but didn't actually follow their model whatsoever.

You contradict yourself. On one hand, you want harsher punishment ala Asia. On another, you point to Portugal and Oregon not following their model, which is a complete opposite of the Asian approach, focusing on rehabilitation and not penalization.

 

[Cuddles]

Using general data to deny reality is curious. There is no question that key businesses are quiting downtown San Francisco, no question that vagrants have taken over several blocks of downtown and no question that petty crime has significantly increased in the last 3 years.
To deny that San Francisco is in dire straits is not knowing San Francisco.

I don't see anyone denying the homeless problem or the crime poverty brings with it. Hell, I've often decried the intranational asylum crisis created by red states criminalizing homelessness and Cali. having to subsidize their outflow.

 

[kmgilroy89]

You contradict yourself. On one hand, you want harsher punishment ala Asia. On another, you point to Portugal and Oregon not following their model, which is a complete opposite of the Asian approach, focusing on rehabilitation and not penalization.

Didn't contradict myself. I believe that following something like the Japanese model maximizes utility for the most citizens. However, I'm leaving the Portugal model open as a possible alternative to what we have now. I should have broken it up to be more clear instead of putting them together. I think we can all agree that the current model sucks hard.