San Francisco, which may well be the most expensive urban environment in the U.S., has already largely driven out the poor and the black due to its soaring housing costs, which themselves are the result of typically liberal housing and environmental constraints. Now, even the Golden Arches is feeling the squeeze:
McDonald’s famous golden arches are vanishing from San Francisco, and real estate prices could be the culprit. The restaurant on 16th and Mission abruptly closed, and so did the one on Van Ness Avenue. Word is the one near the ballpark at 3rd and Townsend is on its way out too. We know most Americans can’t afford to live in San Francisco, turns out some American institutions can’t either.
“Someone else owns the land. Someone else owns the building, and that person sees a better deal building condos condos condos,” Joe Eskenazi of San Francisco Magazine said. Eskanazi is the senior editor of San Francisco Magazine and has written about such issues over the years. “There’s almost no example you can come up with now, that isn’t too extreme of how expensive it is to live and do business in San Francisco,” he said.
San Francisco hates McDonald’s anyway, for the usual Leftist reasons, and has been doing its best to drive the fast-food chain out of the city for ages. Now, it seems, the economic forces unleashed by the “progressive” policies of enforced scarcity, is doing the job anyway.