In SF, Gov't Failure Erases Billions of Commercial Real Estate Valuations

Cato article "SF Gov't failure" is incorrect and misleading. SF elected officials (mayor, board of supervisors, DA etc.) have publically stated goals and policies approved by the votors (residents of SF). Such goals and policies do create conditions that have, and will continue to, undermine CRE values, but it is a mistake and is misleading to call this a failure of government. The people have spoken, and are getting exactly what they have asked for.

End of the day SF is a reflection of those that live there and vote. If they want a certain environment they will get it and they got it. Salute to them on making it happen.

> Indeed, one common software development methodology, known as agile, often involved daily in‐ person team meetings.

We’ve found that standup is pretty easy on video.

So I suppose when commercial real estate investors are making boatloads, then that performance should be similarly attributed to local government policies? Just making sure causation’s arrow is getting pointed consistently around here.

Otherwise, I’m wondering if some of the investments made by these titans of capitalism possibly turned out not to be very good, uh, investments.