Lawrence Field on LA RE in the 70s, h/t @Keith_Wasserman for the recpic.twitter.com/EDbPQtfwy7
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Both in the regulatory and geographical senses right? LA is the opposite in both regards, as is NYC.
Can also add ex-regulatory construction costs right? I don't know anything about RE...
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Yes, and the fact that laborers can't afford to live locally, so you need to pay them to accept 60+ minute commutes.
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Wow... We gotta start building like China where the labor lives on the construction site in prefab-tempfab apts.
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