Because these loss making firms are growing revenues and users every year.
SF on the other hand is losing income and population everyday.
Software engineers, CEOs and venture capitalists have chosen to jump from the Bay Area to places such as Denver, Miami and Austin, Texas, citing housing costs, California’s relatively high income tax and the Bay Area’s general resistance to rapid growth and change.
I know2. Austin 
Specifically, NW Austin/ suburbs.
Joe Lonsdale, a venture capitalist at the firm 8VC, wrote in an op-ed in The Wall Street Journal that California had “fallen into disrepair,” with problems ranging from expensive housing and rising property crime to scheduled blackouts needed to prevent wildfires.
“The electricity turns on and off, as in Third World countries,” he wrote from his new base in Austin.
It’s not just electricity. Most things in SF feels like 3rd world city slum.
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Who’s going to pay for all the program the advocates want? They never think things through all the way.
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More taxes on “everyone” 
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This article applies to all big cities.
Every School district, transport, health, safety along with pensions funds will need to be bailout.
All this, plus the feces and dirty needles on the streets of San Francisco.
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“No. 2 would be beefing up parking citations. … We all hate parking citations, that’s a fact. But on the flip side it is one of the larger sources of funding for the agency.”
Parking violations are not dropping yet?
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The number of address change requests is definitely bearish.
I want to see someone do a more detailed analysis on rent. Median for a whole city can be heavily skewed by mix of where units are available. I’d expect a huge vacancy in lower end units as service industry people can’t work or have to work far less. That would drop the median rent, since the market gets flooded with lower end units. That’s not the same as the rent of the same apartment dropping 27%.
The big apartment companies HATE to drop rent. They’ll offer 1-3 months free and other incentives before they’ll drop rent.
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One data point from a large apartment complex(was checking it out as I’ve lived there in the past ) in Sunnyvale owned by a big company , asking rent is $2550 which went down from $3200, for the same/similar apartment in the complex . On top of that adding 6 weeks rent free.
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Which apartment complex?
Still raising rents in Tahoe. Talked to my buddy who manages over fifty units. Renter left 10am yesterday with no notice. New tenant found by 2pm. Rent raised $50 to $900 for a low end studio apartment to local guy works at the Chevron station for last ten years.
Had a plumbing problem at one of my houses. When I was there I asked my tenant about future plans. Lives with roommate. Pays $2200 for a 3bd. He said he would never move, too hard to find a nice place in Tahoe. Loves the weather manages the local computer repair shop. I think I can raise his rent $100. He has a newer truck and is going camping in Death Valley for the weekend. Even in cold Tahoe you can be in 80 degree weather in 4 hours.
Probably can raise rents 5% across the board.
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I listed an SFH for rent in Newark last month (< 3000$/mo) and got enormous interest (20 applicants). Several of them were sending me multiple emails for next steps after the viewing. I’ve given it to an applicant who works in the area and wanted an almost zero commute to work. I was even able to get this applicant to move in earlier and reduce vacancy.
With this level of interest, I wonder if I could’ve priced it 5% higher.
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Cities thought they could tax and rip off high earners with insane cost of living and poor quality of living forever. These city dwellers some of who never saw the clean air open space, greenery, large backyard, large house are having a new realization. They will never go back. SF specially is the worst of the lot. This dirty concrete jungle will decay for years.
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Not sure if this is coincident, but every
time I read your post trashing SF, SFH in the city price spikes up like hell. 
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Not sure what spike. Most homes are selling at 2016 prices. Condos are down even more. Rents are down ~40% if you include freebies and non-payments. Record inventory and growing. Record exodus and accelerating. You must be blind to not see fundamentals.
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https://sfbay.craigslist.org/sby/apa/d/keep-calm-and-stay-cozy-in-this-2x2/7240645003.html
In addition, didn’t notice the following earlier:
$500 off if you submit an application the same day of your tour!
All the two bedroom apartments are eligible for the 1.5 months off special regardless of their date available on the property website.
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