Big Tech can't build housing units commensurate with their office growth unless the suburban peninsula govts, um, actually zone for and allow them to build midsize or large residential buildings. ¯\_(ツ)_/¯ https://twitter.com/HowardKushlan/status/1103485357327212545 …
To address the issue, since cities (like Palo Alto) will set bad faith asks that make them feel good while protecting their $3M+ home values and don’t do anything to fix their 3:1 jobs:housing ratio.
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Then OTOH, you have San Jose which has for a long time provided the housing that PA doesn’t provide to its workforce and as a result, has a precarious city budget where they have to bend over backwards to attract tax revenue sources like Google.
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At a state or regional level, it would make sense to pool or increase Corp/commercial RE revenue, but at a city level, it creates all of these bad incentives, particularly in a governmentally fragmented region like the one we live in today.
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