just like the mix of who is housed in any particular development is a key point of contention and struggle, because it says something about who our society collectively prioritizes to exist there, vs who it does not
Like everytime public sector comp goes up and isn’t adequately funded, more capital — not less — gets put to work in high risk, high yield forms of investmenthttps://www.institutionalinvestor.com/article/b1dlj28r8n7qd9/CalPERS-Moves-Forward-on-Private-Equity-Revamp …
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Last I looked at the numbers SFUSD has a pretty low per-pupil budget (it was well below LA)
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i think you're confusing correlation and causation on that one. the calpers board wanted very very much to get into those arenas regardless of any theoretical need. but that's really a sidetrack
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but if your point is: yes, the wealthy should pay way, way more up front to fund the vital necessities that we all need and which broadly benefit us all even if not always directly and obviously, then i think we can agree
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Ask what returns CalPERS wants on it real estate investments. Or note that Canadian retirees are Uber’s landlordhttps://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/01/hudson-pacific-hpp-uber-hq-sf-mid-market.html …
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I literally managed derivatives data reporting to the sell-side for big buy-side clients, including funds managing pension investments. this is not news to me, nor is the idea that we could also have a society where this Rube Goldberg misery machine isn't necessary
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