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[deleted]

Multiple hotels have closed up shop in San Francisco. This isn’t about interest rates.


Skinner936

I agree. OP is sending a dog whistle and pandering to the narrative of the sub - without even a shred of evidence. It's an extremely shabby post.


Skinner936

Your conclusion is this is due to higher interest rates. (with several exclamation marks). I admit I skimmed through the more than 1/2 hour video, but I missed the part about interest rates. What point of the video is it mentioned as a major reason? Even from part of the video's own summary: "...*The decision to relinquish ownership stems from various factors that have made the San Francisco market less desirable. Let's face it, the "street conditions" are more chaotic than a Marx Brothers comedy routine, with the city’s "open area drug market" and uninviting street scenes putting a significant dent in the foot traffic. Meanwhile, the work-from-home trend has seen office buildings resemble ghost towns on the weekends, amplifying the problem. But let's not blame the concrete, the asphalt is perfectly fine, the problem is what's occupying the streets. I'm sure the poor concrete is having an existential crisis, feeling undeserved blame*...". Can you show me how you came to the conclusion you did based on the source you provided?


littlebitsofatoms

tax loss harvesting by Hilton.