“A new apartment in the Bay Area costs about $700K to build.... The price tag on 20,000 units could be more than $14B. That would be a major chunk of Google’s cash on hand. Parent company Alphabet had $136.8B in revenue last year and reported $109.1B in reserves.”https://twitter.com/rolandlisf/status/1145725171229024256 …
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So I defer to your clear expertise here. My point is the very acceptance of that figure creates a massive problem that makes the situation insoluble.
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Well, we let housing and land get really expensive!
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