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The New York Observer

San Francisco as New York's Future? Don't Go There

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October 13, 2008 | 8:09 a.m.
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"Don't be fooled by the postcards your friends send you. The rich and the poor are basically all that remain here. Few poor own any form of real estate so they're not contributing in the way of property taxes. The 20-something students certainly aren't contributing to this place. It's a topsy-turvy town right now. Generally, only the affluent own real estate or those who purchased it eons ago. ... Tourism is the primary reason SF exists today and that's becoming increasingly difficult to maintain. I don't see how NY could use SF as a model. Ironically, many San Franciscans look to NY as a model." ["Should New York Look to (Urp!) San Fran?"]

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