Running a business or simply trying to maintain a lower-middle class lifestyle in SF is impossible. You're either a tech billionaire or a junkie. There's no in-between. This is what the majority voted for so enjoy the consequences.
You are witnessing the beginning of the economic collapse, and SF is the first domino to fall. With a 32% vacancy rate, commercial real estate taking a 40-70% haircut (see recent sales of commercial buildings), and retail stores moving out due to shoplifting, crime, drugs, and homelessness. It’s called the Doom Loop. Next to fall will be more small banks as commercial loans come due and they’re not refinancing with tightened credit standards, the bank will be left holding the ball when they default.
Yep, and democrats will be screaming “ to big to fail” just like Obama did as he bailed out all the corporations with our money. The cult will always support the party. The good news is they all got their shots and boosters because they can’t think without the cult telling them what to think
@@doneown503 What makes it a "loop" is that as businesses in the downtown core move out, it deprives the city of valuable tax dollars. Downtowns are critical to cities' budgets. So the cities have to cut back on services, making the situation worse. Doom loop.
San Francisco is just one of the "Doom Loop" models currently in the throws of collapse. The others are Portland and Seattle. I didn't think Walmart would up and leave a major U.S. city, but they have completely abandoned Portland. ☠️
"ou are witnessing the beginning of the economic collapse, and SF is the first domino to fall. With a 32% vacancy rate, " Nah, what you fail to understand is that all those businesses are thriving and the workers are making high salaries. Just not an office. Hence no economic collapse.
I really try to avoid online shopping and support the businesses around me. I don’t have to pay shipping costs. The color doesn’t arrive differently than what it looked like online. I can try on clothes. I hate having to return things. And the other bonus to purchasing at a brick and mortar place is that you get immediate gratification. And you also don’t have to worry about someone trying to rip you off if something is left at your doorstep.
I used to be this way too. But after being a patron to many SF local small businesses, I found that they really don't care about your loyalty or camaraderie....everyone's too concerned with paying the rent and protecting against getting looted. lol
and you will not leave your doorstep so you have no control over anything happening outside your little rented private jail. now they can kill you and no one will know. see china unsensored and the china show to see who is behind all this and then you know not to vote with your dollar for the chinese crap goods. as long as you do not produce and sell in stores for cash you are prey to the ones in control.
I actually thought that the Amazon Prime membership would be regulated away but it hasn't and has likely contributed significantly toward Amazon's success and the demise of local retailers. The membership platform enables Amazon to bake in its actual shipping costs within product pricing while surcharging for the membership. It was brilliant and performed effectively like a "loss leader" without manifesting actual losses. In regards to the shipping destination, will time tell if the drone can locate your person instead of an address?
lol. Some folks sayin' he would run for president. But, if anyone in any other state looks at the condition of CA, and I mean every city, there is no way anyone would support his policies or candidacy.
The crime is sky high ain’t even safe in SF anymore So fuckin sad smh breaks my heart my hometown is going down the drain London Breed & everyone in office fucked things up for the rest of us
Hey I am loyal to NO politician , But , The previous mayor chased after the tech companies whose workers willingness to pay outrageous rents and/or home prices accelerated gentrification of affordable/semi affordable neighborhoods . Then enter The Pandemonium and which city had the workers most likely to Not return to the office ? SF . It's like locusts came , fed , and left . Meanwhile Homeless from all over America are on SF's streets , the Big Pharm spawned opioid epidemic , and now fentanyl . She may not be great But , She did not create this Imperfect Storm .
@@sfrealestatedealmaker6001 She wanted the last DA out and he did get Recalled . She backed the New DA . Unfortunately she does not make the ridiculous laws like shoplifting up to $900 worth of merchandise won't be prosecuted . She needs some help from Sacramento etc. . If she can't weather this S Storm someone else will get a shot .
Hunger Games, Walking Dead, Black Mirror. They tell the sheep right to their clueless faces. No accidents. All successfully going according to the agenda.
San Francisco was a beautiful city to visit. Downtown was always full of people shopping. Blame all the people stealing from the stores!!!!.city officials not having police officer protecting the stores.
@@6StringsTheory "unless they change their politics, this city will die." lmao the Bay Area has been liberal pretty much since day one, but especially since the 1950s. In the 1980s, we were liberal. In the 1990s we were liberal. In the early 2000s we were liberal. So, according to you, us being liberal was fine for 70 years, but is suddenly now a problem? lmao, whatever, blowhard. The San Francisco Mean Statistical Area has a GDP of 600 billion. What's the GDP of your mean statistical area where you live? California's GDP is the highest in the nation.
I think it sucks that the malls and most brick and mortar are becoming a thing of the past! Soon nobody will leave their homes and it's gonna be like that Bruce Willis movie where people were living through these Avatars
You must be a democrat and live in a democrat city. I assure you as soon as you leave the city to a Republican area you will see bustling shopping centers and outlet malls. I bet this perplexes you why? 😂 cause you get what you vote for.
It's funny watching your videos you realize how small SF really is.. Video starts in y neighborhood.. .just on a scooter and all of a sudden you think "damn he's already way over in x neighborhood"
Yo, Jermaine. Great to see downtown from your point of view even though I personally browse downtown on my own sometimes. At least you get to enjoy the view. I haven't been to Stonestown since before April ended, but even I noticed that foot traffic isn't as frequent in the mall unless one goes to Target nearby. Even GameStop there hasn't had many customers lately. I wonder how long they'll last. As for downtown, well, foot traffic varies depending on the day of the week, but I'm still fine with fewer crowds at the moment.
The Westfield Mall in SF I know from you Jermaine and I think it is incredible and would be sorry if it closed. Such a super classy and elegant place. 😢
Malls can outsmart shoplifters by putting only fake items on display. Real stuff are stored in fortified storage areas with heavily armed guards that will shoot to kill anyone trying to break in there by force and items must be purchased first before being delivered to customer.
That's the future. Everything will be locked up. You select what you want with a computer, and the store worker gets it for you. Armed guards will shoot to kill anyone who tries to shoplift.
@@DriQ-qo7tp it's not just SF. All retail has this issue. Retail is going away. Oklahoma City has Republican leadership. Republicans at the state level too. So, how come their malls have the same issue?
US is sinking faster than the Titanic but greed, rapid consumerism, no safety net for it's people made the bed they're sleeping in now. UK and EU are next but there is still some civility left. That is not the case is the States.
A dramatic rise in commercial insurance rates also attributed to the closures. *Key area-s* : Theft, staff safety, lower foot traffic and the overall cost of doing business in SF led to the revamping of the long term strategic outlook-s. Rising taxes and the *nu* general perception of SF will lead to more closures in the future. Regards -
SF looks like a hollowed out wreck of the once great city it was in the 70's. Stores there were completely fabulous because everything was made in America when that meant the best in the world. I am shocked to see what the former "city by the bay" looks like now. It's a sign of the times. RIP American the beautiful.
@@bethvirginiaphillips4583 "a hollowed out mess in many parts of the city" Like what? Not the parts in this video. I go there often, and it's not a hallowed out mess. I think what's changed is you. You embraced maga. Let me guess, you think 1/6/21 was a peaceful protest.
3 word “direct to consumer” these businesses are realizing they can cut a large portion of overhead cost by marketing products directly to the consumer instead of paying sky high rent, not to mention the cost of shipping products to the store, low sell items, managing inventory, and paying salaries of workers.
Every narcissistic democrat in the country s as us the exact same thing you just said. If that’s the case how come business is doing well in Florida and Texas? No dude. This is the results of your voting habits.
Stonestown's going nowhere - it has so many transit connections, it always gets people from down the Peninsula, people from the south side of the city, and they've planned to add dense housing on the site as well. But it is increasingly a big food court, it really pops off around dinner hours. All the old stuff, the Gamestop and Sephora and all of those, those are zombie businesses. The Target and Whole Foods will stick around, and maybe a few of the clothing and luxury stores. But overall the storefronts in Stonestown are getting to be dominated by Asian Pacific chains, and most of them are selling food, with the notable exception of the Miniso. Round 1 also plans to move in to Stonestown soon, and they already have several Bay Area locations. I think those chains are already adapted to this economy, or they have the financing to expand or something - it's a pre-pandemic trend. One thing Stonestown has been missing is a bookstore ever since Borders closed back in 2011 - B&N is doing well now, maybe they'll be interested.
I am a new subscriber. Thanks for the chat about he malls and the electric cars. Dont fall for rich peoples traps, they are trying to survive as much as we are but the diffrenrence is they are rich. The area where we are theres an influx of homeslessness, food is so expensive. Allot of stores have closed in the malls and local shopping centers,
Welcome back Jermaine. It's been awhile since I last saw your blog before the pandemic. I thought you got hit by COVID-19. Your hometown SF is almost bankrupt lol !
I don’t live in CA but I’ve heard you can shoplift up to -$1,000 of merchandise and not get in any trouble. Brick & Mortar stores can’t take that kind of hit on a daily basis; your store can literally get cleaned out in very short amount of time. I’d close to, and I’d move. Online shopping doesn’t have that loss to deal with. I lived in CA in 1979-80, sad to see what’s happening there.
I can remember when SF early mornings were bustling and busy with lots of happy (not high) people. This is sad. My friend just returned from a visit and she was so upset at the debris, homeless and crap filled streets. I don’t know how people continue to live there.
@@donworland "San Francisco is over, I was there when it came to it's greatness" You're so full of shit. The GDP of San Francisco -- JUST THE CITY OF SF ITSELF -- is over 600 billion. That's more than many red states. Just because something has snapped in your head and you now hate people that FOX tells you to hate doesn't mean SF is failing. California's GDP is far higher than that of your state. "The voters will get what they deserve." Yes, the highest GDP in the nation. We deserve it, I agree.
Please share about Stonestown, I know it well. Ok, I heard what he shared. Loved that mall. Loved a church right in front of it. I stayed where the very old Race Track use to be. Thanks
I just saw another UA-cam video about the malls out there. You confirming what they said. Crime is causing companies to bounce and also businesses going towards remote work. A lot of business offices in SF are vacant
The state of California should sell or lease San Francisco to the Chinese and have the Chinese run the city and bring their own police force to get rid of the criminals. The problem in America are the frivolous lawsuits the police, the city and business owners have to deal with paying court case settlements when they have criminals arrested. It has become a hopeless situation. San Francisco is no longer a dream city, so sad.
yeah boyeeee!! somehow i got unsubscribed to you bro. i've been subbed to you for hella long. you be cruising where i live. i subbed to you since before covid. i moved to texas now. used to live by where that CASH app CEO guy got stabbed to death. rock on bro!!
The retail areas that will survive and thrive is where the ultra wealthy and powerful shop and live. Global alpha cities New York, HongKong London, Tokyo, Paris. 2nd tier cities like SF, Chicago, LA, Houston there will be some struggle.
🤪 😂, your in the liberal woke cult. You get what you vote for. New York is as bad. Everywhere democrats infest is the same. You all ignore your own failures and blame everyone else because you are all narcissists
Malls are going away, it's a thing of the past. They say only about 25% of malls will remain. Supply and demand. But SF is not in a "doom loop" or anything like that. It's just changing living and working patterns. Nor is it just SF. Oklahoma City has a republican mayor, and republican leadership at the state as well, and their mall is having the same issues. I definitely support the idea of converting some of the office space to residential. Malls also have to change, it anything they need to be more entertainment centers. miniature golf, etc.
First slowly, then all at once. My wife used to love shopping in downtown SF. Now we are thinking about leaving because there is not much reason to stay. City government seems to be brain dead.
Great video. You passed my old apartment building (655 Stockton Street, corner of California and Stockton). I’m so sad to see what is happening/what happened in SF.
@@scottnichols3685 "Ummm….yeah…right. SF is a cesspool now." Nope. SF is a beautiful city. Did you not watch the video we're commenting on? Did SF look like a cesspool in this video?
@@scottnichols3685 "Businesses closing/closed; " Salesforce has ceased operation? Wells Fargo has ceased operation? Snap (as in snapchat) has ceased operation? Last I checked, all these were extremely profitable. I think you'll find that very small businesses, that catered to people working in person in the Financial District, are what has closed. So far the most significant business we've heard about closing is the shopping mall, and it's trivial compared to Salesforce. "downtown has become a ghost town" Nope, thousands of people live in that area. San Francisco is home to 800,000 people and has a population density comparable to London. "homeless and drugs rampant; crime everywhere" lmao, ok, clearly you have not been to San Francisco because that's not true at all.
Banana Republic been closed since April and the flag ship store moving to a smaller location with less people shopping at stores u don't need multiple stores
I heard somewhere that SF is second only to London as the city with the most billionaires. If only the billionaires in SF gave a damn about the city it could be restored to its former glory.
Costs to do business in san fran is really expensive, plus crimes, plus homeless, plus politics. But if you head toward Burlingame to san Jose. They are busy as hell and thriving. I no longer go to sf. Instead go to palo alto's on. Check do a tour there if possible.
The younger generation shops 70-80 percent online , And the economy is in the tank doesnt help , This has been coming on for awhile and its saddening and not just in SF alone !
Lake Merced. I make the same mistake often too. Its annoying when Im telling someone from the East Bay about Lake Merced and I say Lake Merritt. Theyre like what? Oh I mean Merced.
Running a business or simply trying to maintain a lower-middle class lifestyle in SF is impossible. You're either a tech billionaire or a junkie. There's no in-between. This is what the majority voted for so enjoy the consequences.
So what does that make Jermaine?
@@jimmy18547 Part of the struggling middle class.
For the most part they're right. There's some folks like Bernanke still hanging on.
Jermaine
Also quite a few folk who inherited their wealth.
You are witnessing the beginning of the economic collapse, and SF is the first domino to fall. With a 32% vacancy rate, commercial real estate taking a 40-70% haircut (see recent sales of commercial buildings), and retail stores moving out due to shoplifting, crime, drugs, and homelessness. It’s called the Doom Loop. Next to fall will be more small banks as commercial loans come due and they’re not refinancing with tightened credit standards, the bank will be left holding the ball when they default.
Yep, and democrats will be screaming “ to big to fail” just like Obama did as he bailed out all the corporations with our money. The cult will always support the party. The good news is they all got their shots and boosters because they can’t think without the cult telling them what to think
Doom Loop! - I like that! , I'm gonna pass that one on! thx!
@@doneown503 What makes it a "loop" is that as businesses in the downtown core move out, it deprives the city of valuable tax dollars. Downtowns are critical to cities' budgets. So the cities have to cut back on services, making the situation worse. Doom loop.
San Francisco is just one of the "Doom Loop" models currently in the throws of collapse. The others are Portland and Seattle.
I didn't think Walmart would up and leave a major U.S. city, but they have completely abandoned Portland. ☠️
"ou are witnessing the beginning of the economic collapse, and SF is the first domino to fall. With a 32% vacancy rate, "
Nah, what you fail to understand is that all those businesses are thriving and the workers are making high salaries. Just not an office. Hence no economic collapse.
I really try to avoid online shopping and support the businesses around me. I don’t have to pay shipping costs. The color doesn’t arrive differently than what it looked like online. I can try on clothes. I hate having to return things. And the other bonus to purchasing at a brick and mortar place is that you get immediate gratification. And you also don’t have to worry about someone trying to rip you off if something is left at your doorstep.
I used to be this way too. But after being a patron to many SF local small businesses, I found that they really don't care about your loyalty or camaraderie....everyone's too concerned with paying the rent and protecting against getting looted. lol
and you will not leave your doorstep so you have no control over anything happening outside your little rented private jail. now they can kill you and no one will know. see china unsensored and the china show to see who is behind all this and then you know not to vote with your dollar for the chinese crap goods. as long as you do not produce and sell in stores for cash you are prey to the ones in control.
I actually thought that the Amazon Prime membership would be regulated away but it hasn't and has likely contributed significantly toward Amazon's success and the demise of local retailers. The membership platform enables Amazon to bake in its actual shipping costs within product pricing while surcharging for the membership. It was brilliant and performed effectively like a "loss leader" without manifesting actual losses. In regards to the shipping destination, will time tell if the drone can locate your person instead of an address?
Lake Merritt is in Oakland. I think you meant Lake Merced.
Merrit = Oakland. Merced is in SF close to Stonestown Mall where he was at. He meant Lake Merced.
Just like the confusion of between Mercenaries and missionary.
Maybe Gavin should take a walk around downtown San Francisco and Oakland with no security team before he tries to rewrite the constitution. 😂
lol. Some folks sayin' he would run for president. But, if anyone in any other state looks at the condition of CA, and I mean every city, there is no way anyone would support his policies or candidacy.
He does NOT CARE! It does not affect him at all. All the idiots will keep voting for him.
welcome to socialism.
@@clamman7505 China is socialism where people's life is improving and the cities are vibrant.The USA is where the rich eat the poor.
@@clamman7505 socialism is the prologue of communist 😉
So sad, it’s becoming a ghost town. Thanks for your insight, always look forward to seeing your videos. Peace out.
Do you see a ghost town in the video? He's just saying people shop online now. Not that no one lives in SF
The crime is sky high
ain’t even safe in SF anymore
So fuckin sad smh breaks my heart my hometown is going down the drain
London Breed & everyone in office fucked things up for the rest of us
Hey I am loyal to NO politician , But , The previous mayor chased after the tech companies whose workers willingness to pay outrageous rents and/or home prices accelerated gentrification of affordable/semi affordable neighborhoods . Then enter The Pandemonium and which city had the workers most likely to Not return to the office ? SF . It's like locusts came , fed , and left . Meanwhile Homeless from all over America are on SF's streets , the Big Pharm spawned opioid epidemic , and now fentanyl . She may not be great But , She did not create this Imperfect Storm .
She could’ve made the laws stricter on crime tho
@@sfrealestatedealmaker6001 She wanted the last DA out and he did get Recalled . She backed the New DA . Unfortunately she does not make the ridiculous laws like shoplifting up to $900 worth of merchandise won't be prosecuted . She needs some help from Sacramento etc. . If she can't weather this S Storm someone else will get a shot .
@@sfrealestatedealmaker6001 thank u that’s what I’m saying
Not sad. People voted for it!
I always enjoy your videos. Keep the faith, Jermaine!
because nobody wants to be stabbed up or beat down just going to the movies or buying some clothes
Thanks for covering this Jermaine! Always loved running into you in SF, or just watching you fly by with all the colors and flare. Keep doing you!!!
If they close the malls close, who will the criminals rob?
Next step a sort civil war of races.
Us, they will rob us as we walk down the streets.
I'm afraid, the criminals will target more small businesses or you guys will see more home invasions happening there!
Our homes!!! Remember we can't defend ourselves in California because the criminal might be hurt.
Is this the future for London (UK), I fear so. Great video.
They are doing this on purpose.. This is all planned ahead of time....
I had that feeling too. I mean, they had boarded up almost all of Union Square in SF on DAY 1 of Coronavirus.... That was sort of bizarre ?!
They play the long game while the zombied masses are clueless beyond words.
Hunger Games, Walking Dead, Black Mirror. They tell the sheep right to their clueless faces. No accidents. All successfully going according to the agenda.
Exactly. The De-Criminalizing of shoplifting didn't happen by accident.
I went in a store that the shelves had pictures of the product to be purchased pull a tab pay the clerk and he went and got my cd player.
San Francisco was a beautiful city to visit. Downtown was always full of people shopping. Blame all the people stealing from the stores!!!!.city officials not having police officer protecting the stores.
They voted for it.
San Francisco still IS a beautiful city to visit. Millions of people go there every year, from all over the world.
You are absolutely correct, but unless they change their politics, this city will die.
@@6StringsTheory
"unless they change their politics, this city will die."
lmao the Bay Area has been liberal pretty much since day one, but especially since the 1950s.
In the 1980s, we were liberal. In the 1990s we were liberal. In the early 2000s we were liberal.
So, according to you, us being liberal was fine for 70 years, but is suddenly now a problem? lmao, whatever, blowhard.
The San Francisco Mean Statistical Area has a GDP of 600 billion.
What's the GDP of your mean statistical area where you live?
California's GDP is the highest in the nation.
I think it sucks that the malls and most brick and mortar are becoming a thing of the past! Soon nobody will leave their homes and it's gonna be like that Bruce Willis movie where people were living through these Avatars
Ikr, i actually enjoy a little human interaction, the smells,the sights & looking @ things before I purchase them. Sad!!!
@@richardmorris7063 it's mainly this younger generation that are pushing this bullshit
That's Americans already. Black Mirror in real time. Prisoners of their own making.
You must be a democrat and live in a democrat city. I assure you as soon as you leave the city to a Republican area you will see bustling shopping centers and outlet malls. I bet this perplexes you why? 😂 cause you get what you vote for.
I gotta ask them open the case , for simple shave cream
It's funny watching your videos you realize how small SF really is.. Video starts in y neighborhood.. .just on a scooter and all of a sudden you think "damn he's already way over in x neighborhood"
7 X 7 = 49 . More than twice the size of Manhattan but no other Burroughs .
@@user-er1on9yi9e ... and 3,000,000 fewer people than Los Angeles, but a $3,000,000,000 budget.... with nothing to show for it
@@vominator Cable Cars !!
Cmon we all know why all the businesses are leaving SF, sky high theft and crime in general.
Yo, Jermaine. Great to see downtown from your point of view even though I personally browse downtown on my own sometimes. At least you get to enjoy the view.
I haven't been to Stonestown since before April ended, but even I noticed that foot traffic isn't as frequent in the mall unless one goes to Target nearby. Even GameStop there hasn't had many customers lately. I wonder how long they'll last. As for downtown, well, foot traffic varies depending on the day of the week, but I'm still fine with fewer crowds at the moment.
The Westfield Mall in SF I know from you Jermaine and I think it is incredible and would be sorry if it closed. Such a super classy and elegant place. 😢
When Bloomingdales goes, the mall is done. When Macy's goes, the center of the city is done.
It's closing
🌀 Excellent insights into inner San Francisco city 🌃 status & Local situation 👍 Good to see you well Jermaine 👀
Malls can outsmart shoplifters by putting only fake items on display. Real stuff are stored in fortified storage areas with heavily armed guards that will shoot to kill anyone trying to break in there by force and items must be purchased first before being delivered to customer.
That's the future. Everything will be locked up. You select what you want with a computer, and the store worker gets it for you. Armed guards will shoot to kill anyone who tries to shoplift.
How much cost will that add to doing business in SF? This is obviously a no brainer solution. Have a nice day.
@@DriQ-qo7tp it's not just SF. All retail has this issue. Retail is going away.
Oklahoma City has Republican leadership. Republicans at the state level too. So, how come their malls have the same issue?
You are right - I work for Gap Inc doing Store Support and they are outsourcing are jobs to India in a couple months
And in a few month after that they’ll outsource it to A.I.
US is sinking faster than the Titanic but greed, rapid consumerism, no safety net for it's people made the bed they're sleeping in now. UK and EU are next but there is still some civility left. That is not the case is the States.
Our jobs *
Love it when you walk that way. I have fond memories of Bush Street. Perhaps one day you can walk the length of it.
Great perspective. Thanks for posting this video!
The city of Peace and Love LOL
Jermaine walking up hills like it’s nothing!
Resell still booming... Parrtucular brands, yeezy, rare shoes. Def not pandemic times though
What equipment do you use to make the videos/ film? Thanks great video.
The majority of these companies are moving out of black neighborhoods
A dramatic rise in commercial insurance rates also attributed to the closures.
*Key area-s* : Theft, staff safety, lower foot traffic and the overall cost of doing business in SF led to the revamping of the long term strategic outlook-s. Rising taxes and the *nu* general perception of SF will lead to more closures in the future.
Regards -
SF looks like a hollowed out wreck of the once great city it was in the 70's. Stores there were completely fabulous because everything was made in America when that meant the best in the world. I am shocked to see what the former "city by the bay" looks like now. It's a sign of the times. RIP American the beautiful.
What are you talking about, did we watch the same video? It's very beautiful.
@@neutrino78x a hollowed out mess in many parts of the city
@@bethvirginiaphillips4583
"a hollowed out mess in many parts of the city"
Like what? Not the parts in this video. I go there often, and it's not a hallowed out mess.
I think what's changed is you. You embraced maga.
Let me guess, you think 1/6/21 was a peaceful protest.
Great video I just subscribed to your channel
Love your videos and watched when you were uploading since several years ago. I think you were referring to Lake Merced.
I use to work across the street from union square! thank you so much for your videos. I miss the bay so much ESP sf 🥺
Just an update. Retail thefts in London, England are up 20% this year.
3 word “direct to consumer” these businesses are realizing they can cut a large portion of overhead cost by marketing products directly to the consumer instead of paying sky high rent, not to mention the cost of shipping products to the store, low sell items, managing inventory, and paying salaries of workers.
Every narcissistic democrat in the country s as us the exact same thing you just said. If that’s the case how come business is doing well in Florida and Texas? No dude. This is the results of your voting habits.
Great touch, filming with the skateboard.
Stonestown's going nowhere - it has so many transit connections, it always gets people from down the Peninsula, people from the south side of the city, and they've planned to add dense housing on the site as well. But it is increasingly a big food court, it really pops off around dinner hours. All the old stuff, the Gamestop and Sephora and all of those, those are zombie businesses. The Target and Whole Foods will stick around, and maybe a few of the clothing and luxury stores. But overall the storefronts in Stonestown are getting to be dominated by Asian Pacific chains, and most of them are selling food, with the notable exception of the Miniso. Round 1 also plans to move in to Stonestown soon, and they already have several Bay Area locations. I think those chains are already adapted to this economy, or they have the financing to expand or something - it's a pre-pandemic trend.
One thing Stonestown has been missing is a bookstore ever since Borders closed back in 2011 - B&N is doing well now, maybe they'll be interested.
Jermaine its me Lenny!!! Ill be there in a few days bro lets meet!!!! We can read my comments together!!!!!
I will be down to meet! Do you want to be in a video?
Great report! Thanks for sharing
Funny how you called this out just a few days before Westfield decided to pull out of the SF Center. VERY astute.
SF was a different city than when I worked there 30 years ago
The lake that is next to Stone's Town mall is lake Merced........ Lake Merritt is in Oakland.
Still a great video Jermaine. I just wanted to correct that oversite; I'm an ex-pat S.F.'can now living in Tacoma, WA
I am a new subscriber. Thanks for the chat about he malls and the electric cars. Dont fall for rich peoples traps, they are trying to survive as much as we are but the diffrenrence is they are rich. The area where we are theres an influx of homeslessness, food is so expensive. Allot of stores have closed in the malls and local shopping centers,
The last one out of SF, close the door.
Welcome back Jermaine. It's been awhile since I last saw your blog before the pandemic. I thought you got hit by COVID-19. Your hometown SF is almost bankrupt lol !
"I thought you got hit by COVID-19" 😂 Easily survivable at his age!
I don’t live in CA but I’ve heard you can shoplift up to -$1,000 of merchandise and not get in any trouble. Brick & Mortar stores can’t take that kind of hit on a daily basis; your store can literally get cleaned out in very short amount of time. I’d close to, and I’d move. Online shopping doesn’t have that loss to deal with. I lived in CA in 1979-80, sad to see what’s happening there.
Also, if people lose their jobs, they buy less, which threatens more jobs.
I can remember when SF early mornings were bustling and busy with lots of happy (not high) people. This is sad. My friend just returned from a visit and she was so upset at the debris, homeless and crap filled streets. I don’t know how people continue to live there.
Give me a time index for your "crap filled streets" in THIS VIDEO.
Are you a bot.
I left so long ago....and I love that route....this hits me right in the heart. Take care of yourself, we used to say "Stay Up".
When did we stop?
what hits you right in the heart? It looks beautiful as SF always does
@@neutrino78x San Francisco is over, I was there when it came to it's greatness. The voters will get what they deserve.
@@donworland
"San Francisco is over, I was there when it came to it's greatness"
You're so full of shit.
The GDP of San Francisco -- JUST THE CITY OF SF ITSELF -- is over 600 billion. That's more than many red states.
Just because something has snapped in your head and you now hate people that FOX tells you to hate doesn't mean SF is failing.
California's GDP is far higher than that of your state.
"The voters will get what they deserve."
Yes, the highest GDP in the nation. We deserve it, I agree.
Please share about Stonestown, I know it well. Ok, I heard what he shared.
Loved that mall. Loved a church right in front of it. I stayed where the very old Race Track use to be.
Thanks
I just saw another UA-cam video about the malls out there. You confirming what they said. Crime is causing companies to bounce and also businesses going towards remote work. A lot of business offices in SF are vacant
Lake -- Merced right? Stonestown is by Lake Merced
Good video. Nice to see SE like this with street views
The state of California should sell or lease San Francisco to the Chinese and have the Chinese run the city and bring their own police force to get rid of the criminals. The problem in America are the frivolous lawsuits the police, the city and business owners have to deal with paying court case settlements when they have criminals arrested. It has become a hopeless situation. San Francisco is no longer a dream city, so sad.
Yeah, let the Chinese ma kes a small China in your
area then you don't need
your president.
You made me want to try Mr Charlie’s 😂
Look at all those Sheeple. Zombies who have no idea whats coming by 2030.
Isn't Stonestown Galleria Mall near Daly City, South San Francisco California? Lake Merritt would be Oakland California to me.
Early in the am there would be 1000s of folks walking to work…
I enjoyed seeing the scenery off of a skateboard
Tour
westfield just announced it will be pulling out of SF and leaving someone else to manage the mall
Union square is scary quiet....
Hi bro.. We're preparing for the apocalypse 😢
You wanted this.
If you think that, you’re weak. And you must be a civilian
Didn’t the owners of that mall announce today they are stopping making payments on their mortgage? $523 million !
yeah boyeeee!! somehow i got unsubscribed to you bro. i've been subbed to you for hella long. you be cruising where i live. i subbed to you since before covid. i moved to texas now. used to live by where that CASH app CEO guy got stabbed to death. rock on bro!!
Nice vid 👍👍👍respect to you
I wear a helmet while standing for safety. Listen to me speak on the complex economics of a 10 million person metro.
The retail areas that will survive and thrive is where the ultra wealthy and powerful shop and live. Global alpha cities New York, HongKong London, Tokyo, Paris. 2nd tier cities like SF, Chicago, LA, Houston there will be some struggle.
🤪 😂, your in the liberal woke cult. You get what you vote for. New York is as bad. Everywhere democrats infest is the same. You all ignore your own failures and blame everyone else because you are all narcissists
Recall LONDON!
I had not been there long time , always got ticket , Fee was so high, never ever again in SF .
Lake Merrit is in Oakland brother, stonestown is by Lake Merced
did you ride through Chinatown?
correction, stonestown is next to lake merced. lake merrit is in oakland. carry on tho.
Maybe rent will become more affordable, so that's a good thing 👍
Malls are going away, it's a thing of the past. They say only about 25% of malls will remain. Supply and demand. But SF is not in a "doom loop" or anything like that. It's just changing living and working patterns.
Nor is it just SF. Oklahoma City has a republican mayor, and republican leadership at the state as well, and their mall is having the same issues.
I definitely support the idea of converting some of the office space to residential.
Malls also have to change, it anything they need to be more entertainment centers. miniature golf, etc.
Give this guy a like. 👍
First slowly, then all at once. My wife used to love shopping in downtown SF. Now we are thinking about leaving because there is not much reason to stay. City government seems to be brain dead.
If u don’t have law enforcement u won’t be able to go to the mall
im staying with a friend in sunset
Great video.
You passed my old apartment building (655 Stockton Street, corner of California and Stockton). I’m so sad to see what is happening/what happened in SF.
What are you talking about, it's a beautiful area, no crime or drugs going on.
@@neutrino78x Ummm….yeah…right. SF is a cesspool now.
@@scottnichols3685
"Ummm….yeah…right. SF is a cesspool now."
Nope. SF is a beautiful city. Did you not watch the video we're commenting on? Did SF look like a cesspool in this video?
@@neutrino78x Businesses closing/closed; downtown has become a ghost town; homeless and drugs rampant; crime everywhere…
Yeah…a real paradise.
@@scottnichols3685
"Businesses closing/closed; "
Salesforce has ceased operation?
Wells Fargo has ceased operation?
Snap (as in snapchat) has ceased operation?
Last I checked, all these were extremely profitable.
I think you'll find that very small businesses, that catered to people working in person in the Financial District, are what has closed.
So far the most significant business we've heard about closing is the shopping mall, and it's trivial compared to Salesforce.
"downtown has become a ghost town"
Nope, thousands of people live in that area. San Francisco is home to 800,000 people and has a population density comparable to London.
"homeless and drugs rampant; crime everywhere"
lmao, ok, clearly you have not been to San Francisco because that's not true at all.
Jermaine that hill at 4:00 looks straight up about 50% grade. Lol. crazy.
Yes. Big hills around here
Banana Republic been closed since April and the flag ship store moving to a smaller location with less people shopping at stores u don't need multiple stores
Lake Merret is in Oakland. You mean lake Merced near Stonestown . I grew up in the Sunset
Thank you🤍🕊🙌
Lake Merced... Lake Merritt is in Oakland.
The lake you mentioned near Stonestown is Lake Merced. Not Lake Merritt. Lake Merritt is in Oakland.
Lake Merit is in Oakland
I heard somewhere that SF is second only to London as the city with the most billionaires. If only the billionaires in SF gave a damn about the city it could be restored to its former glory.
Costs to do business in san fran is really expensive, plus crimes, plus homeless, plus politics. But if you head toward Burlingame to san Jose. They are busy as hell and thriving. I no longer go to sf. Instead go to palo alto's on. Check do a tour there if possible.
Cheesecake Factory is hard carrying Macys rn
👍 nice!
Lake Merritt is in Oakland.
The younger generation shops 70-80 percent online , And the economy is in the tank doesnt help , This has been coming on for awhile and its saddening and not just in SF alone !
I think you meant Lake Merced near Stonestown
You got lake Merrit and lake Merced confused
wow dang dang cool thx
Stonestown is by LAKE MERCED..... in San Francisco. LAKE MERRIT is in Oakland.. Hello...!!!
Calm down.
Fun 😃👍🏽✌️❤️
Lake Merced. I make the same mistake often too. Its annoying when Im telling someone from the East Bay about Lake Merced and I say Lake Merritt. Theyre like what? Oh I mean Merced.