r/theydidthemath 3d ago

[request] Is the $20 billion figure cited accurate?

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u/Adventurous_Web_2181 2d ago

San Francisco spent hundreds of millions on hotels to house the homeless during the COVID. They were shocked when the hotels demanded tens of millions of dollar to fix all of the resulting damage to the rooms.

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u/robclouth 1d ago

I doubt they were surprised. They almost certainly factored that in to the cost.

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u/notmyplantaccount 2d ago

Yea, and some of them took the settlement money for damages and then didn't use it, and tried to sell their hotels. Rich people be scamming, but let's blame the poor and homeless lol.

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u/Adventurous_Web_2181 2d ago

Wait, are you actually under the impression that the buyer won't discount their purchase price to reflect the significant damage to the interior?

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u/notmyplantaccount 2d ago

No, i'm under the impression that the City gave them Millions of dollars in a settlement to repair the damages back to pre-covid times, and instead they kept that money and put the property up for sale.

EXACTLY what i already said. Fuck off, you're all so disingenuous and think people don't see it it's embarrassing.

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u/Exact-Couple6333 1d ago

But the hotel owners still have to be compensated even if they plan to sell the hotel. Imagine you rent me an apartment and I cause $50k worth of damage in it. You would still expect me to pay for the repairs in the case that you're selling it, because it would be worth $50k less because of the damage.