San Francisco's Progressive Property Tax 'House of Horrors'
Description
San Francisco's progressive policies have created a real estate apocalypse that's absolutely mind-blowing. A 15-story office building that sold for $62 million in 2016 just went for $6.5 million – that's a jaw-dropping 90% discount! We're diving into the House of Horrors that is SF's property tax crisis, where massive office vacancies, rampant homelessness in the Tenderloin, and work-from-home policies have created the perfect storm. The city is drowning in 7,500 property tax appeals (up from 2,800), and here's the kicker – if they can't process them within two years, they automatically lose and must accept whatever reduction taxpayers demand. Some are literally claiming zero value! With a potential $1 billion in refunds looming and major properties selling at fire-sale prices, this isn't just about one building – it's about the complete collapse of progressive urban planning. Is this what happens when ideology meets economic reality? Can any mayor dig out of this financial sinkhole? Hit subscribe and let's watch this trainwreck together – because somebody needs to document the death spiral of woke city economics!
United States
