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Portland's Woke Doom Loop: $161M Building Sells for $55M as City COLLAPSES

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Manage episode 517673623 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Here we go again - Portland's commercial real estate dumpster fire claims another victim as PAC West Center sells for $55.7 million, a fraction of its 2007 purchase price of $161.5 million. What did they expect when you decriminalize hard drugs, defund police, and let homeless camps turn your downtown into a post-apocalyptic nightmare? We break down how progressive policies destroyed billions in tax revenue, why businesses refuse to lease space next to drug-addled zombies wielding swords, and the hilarious mental gymnastics city officials perform to blame everyone except their own catastrophic decision-making. From Big Pink's fire sale to the tax compression reality check hitting Portland's city council - this is what happens when ideology trumps common sense.Is anyone surprised that property values crater when your street conditions look like a methhead utopia? How long before these progressive leaders admit their policies created this mess? Let us know what you think in the comments below - subscribe for more reality checks on government failures and share this with anyone who still thinks progressive policies work!

  continue reading

3124 episodes

Artwork
iconShare
 
Manage episode 517673623 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Here we go again - Portland's commercial real estate dumpster fire claims another victim as PAC West Center sells for $55.7 million, a fraction of its 2007 purchase price of $161.5 million. What did they expect when you decriminalize hard drugs, defund police, and let homeless camps turn your downtown into a post-apocalyptic nightmare? We break down how progressive policies destroyed billions in tax revenue, why businesses refuse to lease space next to drug-addled zombies wielding swords, and the hilarious mental gymnastics city officials perform to blame everyone except their own catastrophic decision-making. From Big Pink's fire sale to the tax compression reality check hitting Portland's city council - this is what happens when ideology trumps common sense.Is anyone surprised that property values crater when your street conditions look like a methhead utopia? How long before these progressive leaders admit their policies created this mess? Let us know what you think in the comments below - subscribe for more reality checks on government failures and share this with anyone who still thinks progressive policies work!

  continue reading

3124 episodes

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