Lengthy list of state and local officials announce their opposition to the #Prop10 rent control expansion headlined by former LA mayor @antonio4ca. Current LA mayor @ericgarcetti is in supportpic.twitter.com/WYGXXm2kCK
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there are some real estate funds, which invest capital on behalf of CalSTRS (AKA California teacher's retirements) that would like SF real estate to have a lower expectation of return akin to infrastructure since it's a relatively safe asset, but no dice.
also, one must keep in mind that every time these funds produce lower returns, more has to be cannibalized or crowded out of existing and future services in order to fund the difference. https://mysfers.org/wp-content/uploads/2017/09/SFERS_AnnualReport_FY16_web.pdf …pic.twitter.com/J0KljQdEBC
What do you mean no dice?
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