Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

An 80% Decline in Value in Just 4-Years

April 28, 2023 By E.J. Smith - Your Survival Guy

You know why. The writing’s been on the wall for years. You and I think about this stuff all the time. The blue blob cities are a wreck. What a shame this is what San Francisco has turned into. The WSJ reports:

Before the pandemic, San Francisco’s California Street was home to some of the world’s most valuable commercial real estate. The corridor runs through the heart of the city’s financial district and is lined with offices for banks and other companies that help fuel the global tech economy.

One building, a 22-story glass and stone tower at 350 California Street, was worth around $300 million in 2019, according to office broker estimates.

That building now is for sale, with bids due soon. They are expected to come in at about $60 million, commercial real-estate brokers say. That’s an 80% decline in value in just four years.

This is how dire things have become in San Francisco, an extreme form of a challenge nationwide. Nearly every large U.S. city is struggling, to some degree, with reduced office-worker turnout since the pandemic spurred remote work. No market was hit harder than San Francisco, for reasons including its high costs, reliance on a tech industry quick to embrace hybrid work, and quality-of-life issues such as crime and homelessness.

Related Posts

  • Best June in 80 Years for the Dow?
  • 80 Years Ago Winston Churchill Assumed Command of the Armies of Freedom
  • The Obama Years
  • Four More Years?
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • It’s California vs. Florida in the Big State Debate - November 29, 2023
  • Can the Supreme Court Stop Wealth Taxes Before They Start? - November 28, 2023
  • Are Investors Ready to Pounce? - November 27, 2023

Dick Young’s Must Reads

  • A Look at the Future of Main Street America
  • Soros’s Open Society Foundation, Charles Koch Team Up
  • Yes, Your Children Are Listening to You
  • The Breakfast of Champions
  • We’ll Burn the Place Down!
  • Who Will Pay the Price for LEDs?
  • Can Curcumin Help in Fighting Cancer?
  • When Is the Best Time for You to Do This?
  • Meet Me at Freddy’s June 2022
  • DIGITAL ID: You Are More than a Soulless Digital Identity

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • It’s California vs. Florida in the Big State Debate
  • China Proposes Massive Integrated Super Port Across Islands
  • Could Ammonia Be the Next Great Fuel Source?
  • Weathering the Luxury Home Recession
  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • Home Sales Slump as Prices Hit New Highs
  • A Case of the Bah Humbugs for Toy Sales
  • Are Investors Ready to Pounce?
  • Payment for Gifts Is Upending Retailers
  • Stockpiles Running Low as Peak Shopping Demand Starts

RSS Yoursurvivalguy.com

  • It’s California vs. Florida in the Big State Debate
  • Shiffrin Brings It Home with World Cup Win at Killington
  • Prepare for Solar Storms in 2024
  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • Families Can’t Save Enough
  • Biden’s Inflation Blame Game
  • Are Investors Ready to Pounce?
  • Disney Signals Problems with the ESG Agenda
  • Biden Gave Americans 10 Years of Inflation in Only 3
  • Happy Black Friday

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

“The Economy Is Buried Under Trillions in Debt”

Who Can’t Afford to Live in NYC

It’s California vs. Florida in the Big State Debate

Could Ammonia Be the Next Great Fuel Source?

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives