Portland's Woke Doom Loop: $161M Building Sells for $55M as City COLLAPSES
Description
Here we go again - Portland's commercial real estate dumpster fire claims another victim as PAC West Center sells for $55.7 million, a fraction of its 2007 purchase price of $161.5 million. What did they expect when you decriminalize hard drugs, defund police, and let homeless camps turn your downtown into a post-apocalyptic nightmare? We break down how progressive policies destroyed billions in tax revenue, why businesses refuse to lease space next to drug-addled zombies wielding swords, and the hilarious mental gymnastics city officials perform to blame everyone except their own catastrophic decision-making. From Big Pink's fire sale to the tax compression reality check hitting Portland's city council - this is what happens when ideology trumps common sense.Is anyone surprised that property values crater when your street conditions look like a methhead utopia? How long before these progressive leaders admit their policies created this mess? Let us know what you think in the comments below - subscribe for more reality checks on government failures and share this with anyone who still thinks progressive policies work!
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