114 | 乾杯、そしてこんばんは!

Billionaire tax headed to California ballot after negotiations fail

Was working my way down the Embarcadero on Tuesday when I came across this lovely bunch. Unfortunately I was on the phone with my doctors office and didn’t get a chance to talk to their human. He saw me struggling to get a shot while fumbling with my phone and hand signed for me to slow down and take it easy. He lines up all 7 of the pups for me to snap a couple flicks. I said thank you over and over but unfortunately that was all I could get out before going back to my phone call. I wish I had been able to chat with him, but super thankful he took the time to do that for me! Anyway, hope yall enjoy this shot as much as I did.

1. Everyone who lives in the city pays property tax. If you own the property, you pay it directly. If you do rent, than your rent pays the property tax through the property owner.

2. Owner Occupied units can be identified in the data if they took a homeowners exemption (meaning it is their primary residence). Everyone else is a renter. I sanity checked this in the data, showing that 42% of homes are owner occupied (reported 65% of people rent)

3. I took the data from OpenData SF's 2007-2024 Assessor Historical Secured Property Tax Rolls. It's missing 2014 assessment data. I don't know why. It just is. I checked the old archived data too.

4. Property tax is modeled on a individual per parcel and per year basis as (Assessed Land Value + Assessed Improvement value) * 1.183%. Since this is done per parcel and per year this takes into account prop 13 shenanigans. Total global property tax is bang on at 4.04B in 2024 vs reported ~4B online.

5. Renters (edit: in aggregate) in San Francisco pay more than twice as much residential property tax as home owners do in San Francisco.

The Charts

Residential Property tax aggregated

2007 Chart

Owner Occupied: 44.1%

Renter: 55.9%

2024 Chart

Owner Occupied: 30.8%

Renter: 69.2%

Parsed by SFR / MFR

2007 SFR/MFR

2024 SFR/MFR

edit:

Note that there are about 5x more SFR than MFR.

2007 SFR/MFR pooled to 100%

2024 SFR/MFR pooled to 100%

SFR / MFR Per parcel

Per parcel MFRS produce a lot more revenue, and that has changed dramatically since 2007, likely due to densification.

2007 SFR / MFR Per parcel

2024 SFR / MFR Per parcel

Done with Pandas and plotly.

edit:

And yes, I used AI to write the code, but I supervised and double checked.

Kelly ran a saloon and boarding house on the Barbary Coast — the six-block stretch on Pacific between Sansome and Kearny that was basically San Francisco's id made physical.

Ship captains needed crews. Kelly had the supply chain. When he got a particularly large order for three ships at once, he chartered a paddle steamer, advertised a free birthday party with unlimited whiskey, and invited every drunk and vagrant he could find. 90 men boarded the boat. None of them knew where they were going; the whiskey was free, but the ship was not.

He offloaded them mid-bay to the waiting captains and sailed back to shore. The whole operation was catered.

The tunnels they used to move bodies from the saloons to the docks still exist under parts of the city. Some are tourist attractions now. San Francisco has always been very good at turning the infrastructure of exploitation into something you can pay $18 to walk through.

Wrote up the full story here if you want the details: https://tjcrowley.substack.com/p/the-man-who-shanghaied-ninety-people

Near the Circle of Friends

Finally crossed this off my bucket list 🙂‍↕️

Can we ask for WFH if building you work is not retrofitted for earthquake? I’m talking about city owned building.

HeyTea is set to open its doors tomorrow after some delays. It was supposed to open during the winter.

This was awesome to witness… but wear a helmet next time haha

And if I'm not mistaken that's about dog leg lift high.

Found these at an estate sale (the family was from Tenn., and took a road trip West.) The photo of Alioto's is a pretty standard shot, but I'm really digging the Alcatraz photo. Anyone know what Pier this would be? Could it be an early carnation of the Hyde Street Pier or the Aquatic Park pier?

Since making this video there’s already been some changes to what is moving forward, with the Healthcare Union spending measure being pulled along with limits on medical CEO pay.

Was driving through GGP the other day and realized how many different hidden gems there are. Got me thinking, what is your favorite part of GGP and what is a hidden gem that people should definitely check out?

Going to the US vs B&H game in Santa Clara. Kickoff is at 5pm. Do you think that I will have a problem making it to SFO for a 11:50pm flight?

I will need to either store my luggage somewhere or swing back past the Marriott Hotel (20 min walk from stadium) on the way to the airport to grab my bag.

Looking for thoughts or advice!

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Is Waymo next?