These random office buildings in downtown San Francisco, shot in March 2022, were already showing signs of emptiness.
Years ago, before I lived in big cities, skyscrapers and architecture fascinated me. I took hundreds of pictures, had a photo exhibit, and incorporated the images into MA projects. Time passes, and so there were years of wearing suits and doing business in such monoliths. The exterior beauty remains, but the inner reality may be scary.
Some say the next big cra$h in this country will likely happen due to all those buildings going empty during Covid, and now remaining mostly cavernous and quiet due to hybrid working, downtown crime, and many more reasons. Smart businesses are pulling out.
The banks that hold those assets, loans, and notes are in for a brutal bust. And when that happens, we’ll all pay the price. Did we really need all those larger-than-life structures? Probably not. But in this country, bigger means better, right? Stay tuned…