A 20 story tower in San Francisco valued at $320 million dollars went up for auction
— Wall Street Apes (@WallStreetApes) April 27, 2026
There wasn’t a single bidder. Not even for $1
The property is now vacant, because no one wants to make the investment in Democrat run San Francisco
High crime rates and homelessness are cited… pic.twitter.com/m9RtnAaV3w
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3 responses to “Extrapolate”
Tweet is a bit disingenuous in that the Min Bid was $80 Million, it was not a no reserve auction where you could bid $1.
It still is a reflection of the crashing commercial real estate market that will collapse the US banking industry.
It is also laughable to state the property is valued at $320M. Clearly it isn’t, by anyone other than the present owner, and any party who has loans against it, as neither wants to take a loss. The fact it couldn’t get a minimum bid at 25% of it’s “current valuation” is pretty shocking, but then again not so surprising given the circumstances. Somebody is holding an empty bag right about now.