Wise move to acquire cheap SF office space.

https://www.sfgate.com/local/article/ian-jacobs-buying-downtown-sf-office-space-18665447.php

I haven’t thought about this much but offhand it does seem like a good idea. I think SF is a lot more likely to be NYC in the 1970s than the Detroit story.

Since the city government is going broke, I wonder if it might make sense for the city to buy the properties? Then it gets to double dip on the rewards of its own efforts at turnaround. If it takes $300m down, that seems realistic for a bond raise or with professional real estate partners. It’s not very capitalist of me to suggest the government step in, but it might be a good move.