San Francisco Homeowners Hit Hard in Residential Home Values Decline, Losing $260 Billion In Value

The value of residential real estate in crime-ridden San Francisco has dropped significantly in recent years, with prices dropping by around 16.7%. This contrasts with a more moderate decline of 3.3% in the rest of the country, resulting in a difference of about 13.4 percentage points.

The decline in the housing market in San Francisco has resulted in an additional loss of approximately $260 billion in the value of residential real estate compared to what would have occurred if the city had followed the pattern shown nationally, according to the research center Hoover Institution.

Zillow, a real estate appraisal agency, projected that the value of San Francisco’s housing stock was close to $2 trillion before the price drop.

The significant decline in San Francisco’s housing prices is attributed to the city losing over 65,000 residents, which accounts for roughly 7.5% of its population. This population loss represents the largest among major cities in recent years.

According to New York Post, more than 500,000 people have reportedly left California since the beginning of the COVID-19 pandemic 2020.

The outlet added that the largest population declines were in San Francisco at 7.1 percent.

Hoover Institution reported:

Home values in some of the most expensive San Francisco neighborhoods have been significantly affected. The median home price in the Pacific Heights neighborhood, home to former Speaker of the House Nancy Pelosi and actress Julia Roberts, declined more than 20%, from a peak of $2.05 million to $1.6 million, a loss of over $400,000. The median value in the Nob Hill neighborhood, home of film director John Waters, declined nearly 33%, from a peak of $1,662,500 to $1,170,000, a loss of nearly $500,000.

Quality of life and crime have worsened in San Francisco, even in these expensive neighborhoods. Nearly 90 percent of Nob Hill sidewalks and streets were recently found to be soiled with feces. Unacceptable street and sidewalk sanitation, including human feces and used hypodermic needles, have been an issue for San Francisco for years. In 2018, the city created a pooper scooper team, each member of which received annual compensation of about $211,000 that year. Given the inflation that has occurred since that time, scooper compensation may be close to $250,000 per year today. San Francisco spends nearly five times as much on street sanitation than comparable cities, but despite this high level of spending, city streets remain dirty.

San Francisco’s crime and sanitation issues reflect the city’s tacit acceptance of illegal drug use. San Franciscans are paying an extremely high price for this, and so are drug users. Drug overdose deaths in the city jumped to 200 in the first three months of this year, representing a rate about 3.8 times higher than the national proportion of deaths to population.

The post San Francisco Homeowners Hit Hard in Residential Home Values Decline, Losing $260 Billion In Value appeared first on The Gateway Pundit.

Transgender Inmate in Minnesota to be Transferred to Women’s Prison, Get Surgery, and Awarded $495,000 in Discrimination Lawsuit Settlement

Minnesota Department of Corrections

A Minnesota transgender inmate will be transferred to a women’s prison and undergo a vaginoplasty as part of a settlement agreement in a discrimination lawsuit against the state Department of Corrections (DOC).

Christina Lusk, 57, is scheduled to be transferred to the women’s facility in Shakopee next week. He is the first Minnesota inmate to be relocated to a different prison based on gender identity.

According to reports from FOX 9, the settlement, announced last week, includes a financial compensation of $495,000 to be awarded to Lusk, which includes about $250,000 in legal fees.

In addition to the monetary settlement, the Minnesota DOC has agreed to strengthen its policies surrounding transgender inmates, including medical treatment and the right of transgender or gender non-conforming individuals to request a facility that corresponds with their gender identity.

“Everybody needs to come together in unity and embrace positive change. I believe we have made a big step toward allowing people to express who they truly are, and bring some sort of peace and happiness to their lives,” Lusk said in response to the settlement released by Gender Justice.

“This journey has brought extreme challenges, and I have endured so much. My hope is that nobody has to go through the same set of circumstances. I relied on my faith, and I never gave up hope. I can truly say that I am a strong, proud, transgender woman, and my name is Christina Lusk,” Lusk added.

FOX News reported:

After beginning cross-sex hormones in 2009, Lusk changed names in 2018 and was conferring with doctors about surgical options before getting arrested. The inmate had undergone “top surgery” before going to jail, and was “on the verge of scheduling” a vaginoplasty, according to the lawsuit.

Lusk filed a grievance with the DOC after department medical director James Amsterdam reviewed Lusk’s case and determined that Lusk should not be allowed to receive genital surgery while incarcerated, but “could pursue that after release,” the lawsuit said.

The lawsuit, which was filed on Lusk’s behalf by the St. Paul-based advocacy group Gender Justice, alleged that Lusk was sexually abused by the male inmates at the Minnesota Correctional Facility in Moose Lake and demanded Lusk be treated as female and moved to a women’s facility.

“Inmates would heckle her, heckle her roommates… call her ‘it,’ that sort of thing,” Gender Justice legal director Jess Braverman said, according to FOX 9. “And then there were staff who would say things to her, such as, ‘You know, you’re a man in a men’s prison. I’m not going to treat you like a woman. I’m not going to use your proper name and pronouns.'”

The post Transgender Inmate in Minnesota to be Transferred to Women’s Prison, Get Surgery, and Awarded $495,000 in Discrimination Lawsuit Settlement appeared first on The Gateway Pundit.

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