54% of San Francisco storefronts have closed due to COVID-19, chamber of commerce study says (Oakland: hair salon, unemployed)

[Igor Blevin]

https://www.sfgate.com/business/arti...d-15513726.php

Over half of San Francisco's brick-and-and mortar businesses have gone bust since before Covid 19 began. 1300 businesses have gone under, leaving only 1200 operating

It is not yet 9/1/2020. To be sure, a good number of the remaining 1200 will go bust as the California shut downs continue. How many will be left? How many will return? How will San Francisco trim it's budget in accordance with the steep drop in tax revenue.

The shut downs are a prescription for economic disaster. But hey, $4 trillion in government deficit spending has the stock market back to all time highs, so it is all good right?

Not for these unfortunate people.

Prayers up for all the unemployed and underemployed people who will take decades to recover from this financial disaster, if they ever recover at all. I am not saying they will never work again, but they will always be well behind the 8-ball compared to their profits and quality of life going forward.

You can't make up for past losses. It just doesn't work that way. You can start over and build on the ashes, but nobody can make you whole from your losses. You will almost always have less and a lower quality of life than if you had not lost your business and had to start over from scratch.

Maybe we will rebound after the Federal government adds another $15 trillion to the National Debt to make everybody whole.

This is only 1 city. This is going on all around the nation. Don't even get me started on the BLM riots, which is a contributor.

[Igor Blevin]

https://abc7news.com/society/more-th...shows/6369826/


More than 2,000 San Francisco businesses permanently closed since March, data shows: 'It's their life's work'



SAN FRANCISCO (KGO) -- More than 2,000 businesses in the San Francisco,Oakland metro-area have permanently closed their doors since March, according to Yelp data.

In total, 5,048 businesses in the San Francisco-Oakland-Hayward metro area closed from March 1 to July 10, per data analyzed from Yelp listings.

Data reveals 2,065 businesses have indicated they closed permanently during that time frame with 369 restaurants closed and 303 retail businesses closed.

"A small business is someone's dream," said Pete Mulvihill, owner of Green Apple Books. "It's their life's work and to see so many shuttered... it's awful."

Mulvihill said if business doesn't improve, the stores won't survive six more months.

[Finper]

Originally Posted by Igor Blevin

https://www.sfgate.com/business/arti...d-15513726.php

Over half of San Francisco's brick-and-and mortar businesses have gone bust since before Covid 19 began. 1300 businesses have gone under, leaving only 1200 operating

It is not yet 9/1/2020. To be sure, a good number of the remaining 1200 will go bust as the California shut downs continue. How many will be left? How many will return? How will San Francisco trim it's budget in accordance with the steep drop in tax revenue.

The shut downs are a prescription for economic disaster. But hey, $4 trillion in government deficit spending has the stock market back to all time highs, so it is all good right?

Not for these unfortunate people.

Prayers up for all the unemployed and underemployed people who will take decades to recover from this financial disaster, if they ever recover at all. I am not saying they will never work again, but they will always be well behind the 8-ball compared to their profits and quality of life going forward.

You can't make up for past losses. It just doesn't work that way. You can start over and build on the ashes, but nobody can make you whole from your losses. You will almost always have less and a lower quality of life than if you had not lost your business and had to start over from scratch.

Maybe we will rebound after the Federal government adds another $15 trillion to the National Debt to make everybody whole.

This is only 1 city. This is going on all around the nation. Don't even get me started on the BLM riots, which is a contributor.

What’s crazy is SF has one of the lower positives Covid rates in the whole state but their insane liberal leaders just won’t reopen that city.

It’s actually not going on all around the nations. The Ca and NY are falling apart while a lot of other states have just about fully rebounded. Hmmmm wonder why????

[18Montclair]

Originally Posted by Finper

It’s actually not going on all around the nations. The Ca and NY are falling apart while a lot of other states have just about fully rebounded. Hmmmm wonder why????

Huh? No state is anywhere near 'fully rebounded' what the hell are you lying for?

[DabOnEm]

Originally Posted by Igor Blevin

https://www.sfgate.com/business/arti...d-15513726.php

Over half of San Francisco's brick-and-and mortar businesses have gone bust since before Covid 19 began. 1300 businesses have gone under, leaving only 1200 operating

It is not yet 9/1/2020. To be sure, a good number of the remaining 1200 will go bust as the California shut downs continue. How many will be left? How many will return? How will San Francisco trim it's budget in accordance with the steep drop in tax revenue.

The shut downs are a prescription for economic disaster. But hey, $4 trillion in government deficit spending has the stock market back to all time highs, so it is all good right?

Not for these unfortunate people.

Prayers up for all the unemployed and underemployed people who will take decades to recover from this financial disaster, if they ever recover at all. I am not saying they will never work again, but they will always be well behind the 8-ball compared to their profits and quality of life going forward.

You can't make up for past losses. It just doesn't work that way. You can start over and build on the ashes, but nobody can make you whole from your losses. You will almost always have less and a lower quality of life than if you had not lost your business and had to start over from scratch.

Maybe we will rebound after the Federal government adds another $15 trillion to the National Debt to make everybody whole.

This is only 1 city. This is going on all around the nation. Don't even get me started on the BLM riots, which is a contributor.

It's a part of the overall plan. You're seeing this play out in other cities too. They want to squeeze out the small businesses so the corporations can continue taking over.

[davdaven]

The prolonged shutdown of retail stores played right into the hands of large corporations like Amazon, Walmart, and Target. As for businesses that provide a service, we are finally starting to see more openings. But it may be too little too late for counties like San Francisco, where small businesses probably won't recover. Ever. San Francisco has a byzantine permitting process that is incredibly time consuming and expensive. At this point only chains and equity-backed ventures tend to have the capital to survive the process. We will continue to see a decline in organic local undertakings as a result, as so many of the ones that managed to survive the process won't make it through the current pandemic-related restrictions.

[Igor Blevin]

Whether by design or by accident, there is not doubt the huge corporations will rush in to fill the vacuum left behind by the closure of so many small businesses, once life begins to approach normal.

I mean, will McDonalds suddenly open a chain of sandwich shops or will Subway just double their presence? It is hard to say. But the Mom and Pop deli sandwich shops are not likely to come back soon. New ones will probably be niche, upscale shops at the margins.

Nature abhors a vacuum, so something will fill the demand once demand returns.

[TheseGoTo11]

I'd be curious to see how that compares to other cities.

No question California and SF have both overdone the closures, and are not listening to the "scientists" who point out the mental health issues associated with business struggles and lockdowns.

[Huckleberry3911948]

I lived there 10 years it was a jewel
You wore a suit and tie to work in the financial district I used to go to tea dances at embarcadero I loved it

[Finper]

Queen Pelosi was in a closed hair salon there yesterday getting a blow out. The salon hasn’t been able to open since March. Suffering is only for the peasants. Non for thee and all for me..... Of course she’ll win re-election there by a landslide