It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
In total, 2,000 tech, admin, and management jobs to be cut and offices closed around the country. In addition, one-fifth of Macy’s stores to close. Brick & Mortar Meltdown.
Even in San Francisco: From a brand-new glitzy zombie mall to innumerable vacant storefronts.
It has been shrinking its way out of the City for years. And it’s not the first major company to make the move.
The entire spectrum, From Battery Park City in Manhattan to Wichita.
Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.
But this time it’s not a result of a tech bust. That hasn’t happened yet.
House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate.
The underlying dynamics changed in August and have worsened since. And this is still the tech boom.
A lot, as the co-founder of YouTube is finding out.