JPMorgan Chase CEO Jamie Dimon has declared that San Francisco is currently an even worse place to live than New York City.
“San Francisco is in far worse shape than New York,” he said during an appearance Tuesday on Fox Business Network’s “Mornings with Maria.”
“Any city who doesn’t do a good job, it will lose its population,” he added.
Dimon has seen firsthand how bad things are in San Francisco because he’d been in town earlier in the week for the J.P. Morgan Healthcare Conference, which ended on Thursday.
“I think every city, like every country, should be thinking about what is it that makes an attractive city, you know, its parks, its art, but it’s definitely safety,” he continued.
Listen:
Speaking of safety, last summer a number of San Francisco residents told Fox News that they felt the city was growing increasingly more dangerous as the crime rate soared.
“The safety in San Francisco has been getting worse,” Andrea, a local babysitter, said. “I’ve lived here my whole life — it’s always been a little unsafe — it’s a big city — but recently, it’s just been crazy high. My mom even got her car stolen from outside of our house, and there is no police to respond. It’s alarming.”
“Before, there wasn’t so much crime because there was more police monitoring. Now, you barely see them. I know it’s not their fault because they’re defunded and there’s not a lot of them. But it would be nice to have that protection,” she added.
It’s grown so bad in the Bay Area that the city’s leftist leaders proposed even more funding for the police.
‘Worse than Afghanistan’: San Francisco mayor asks for $63M to bolster police amid growing crime https://t.co/w0k8MAQzY4 pic.twitter.com/4nsoVAQTX5
— BPR (@BIZPACReview) June 8, 2023
“San Francisco Mayor London Breed … unveiled a two-year budget that increases police and homelessness funding as the city tries to lure businesses back to its hollowed-out downtown,” Bloomberg reported in early June.
“The mayor’s $6.85 billion general fund budget underscores San Francisco’s woes as the city faces slumping tax revenue, some of the nation’s lowest office occupancy rates, and a chorus of business leaders pushing officials to take a tougher stance on open-air drug markets,” the outlet added.
“Yeah, crime is up for sure,” another local, Christy, said to Fox News. “I am definitely seeing cars broken into.”
“There are times that you would be perhaps more worried about going to a certain neighborhood in the city at a certain time of night,” a third local, Teri, said. “It’s getting worse, absolutely getting worse.”
“There are times where I will say, ‘yeah, maybe I’ll just kind of like stay inside a little bit’ if it’s later at night or dark where you have that underlying sense of I’m taking a risk. It’s not fun to have to think about that,” another local, Jeff, said.
San Francisco is just as bad for businesses like La Cocina Marketplace, a popular immigrant-themed food hall that was forced to shutter over the summer because of the incessant crime.
Total failure: San Fran’s famous food hall shutters as filthy, dangerous sidewalks scare customers away https://t.co/8nOVj2An1Z pic.twitter.com/1XaRnXvRlj
— BPR (@BIZPACReview) July 17, 2023
“We worked very hard — every business here, not just me — to bring more people here, to let people know about this amazing place,” Wafa Bahloul, an Algerian immigrant who had her own food stall at the hall, explained to the San Francisco Chronicle.
“But what happened outside versus inside was totally opposite. The best solution was to just shut the doors,” she added.
What did she mean?
“Drug use, drug dealing, public defecation and urination and trash are common sights on the sidewalks outside La Cocina before it opens and after it shuts,” according to the Chronicle.
It was so bad that “the sidewalks outside were too dangerous and unpleasant to lure people to dinner as night fell, meaning the cooks were almost entirely reliant on a lunchtime crowd in a city with many workers still toiling from home.”
The only saving grace was that La Cocina paid $275,000/year on security to keep the streets mostly clear during operating hours. But that was over a quarter of a million dollars that the establishment simply couldn’t afford.
Writers and editors can be contacted at [email protected] with feedback, tips, or corrections.
V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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