San Francisco office towers
2 statements across 2 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Jan 6, 2023 by David Sacks · across every show →
Everything said about San Francisco office towers, oldest first
Jan 6, 2023 bearish
Sacks: Banks will soon take over San Francisco office towers
“I think office towers in San Francisco are, that is some serious toxic debt, 27% vacancy rates and growing as Lisa's role. I think that a lot of these buildings, maybe virtually all of the San Francisco downtown is going to be owned by the bank soon because no…”
May 19, 2023 bearish
Sacks: Banks will take over SF office towers and face loan write-offs
“All these office towers are eventually going to be owned by the banks, which you have to liquidate them. And then we're going to find out that these loans that they made are going to be written off because the collateral that they thought was blue chip that wa…”