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 …
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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Good argument. To be continued....
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Like do I think the Msft fund is good in the short term — in part because lots of non-profit developers have told me they need a redeployable pool of capital to acquire land and sites? Sure.
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