“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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It actually is that expensive.
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What about a tax incentive, up to $250K earned over time, for creating an “in law” unit within existing stock. And you keep the rent ?
End of conversation
New conversation -
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I lived there for 30 years. I know how crazy it is. I just can’t accept that number for low income apartments.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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