@alex yes, yes they are.
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@alex Land prices are like $250K per buildable unit. -
@kimmaicutler@alex Zoning & cost aren't 2 problems, they're the same problem. Land would be cheaper if more was zoned to build on
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@kimmaicutler curious Kim, what do you think of Miami? It's my home city and I'm watching as it becomes a latin american capital city -
@kimmaicutler last time I was back in#Miami it really was a cross section of latin america, no longer just a Cuban city. - 2 more replies
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@alex@kimmaicutler Also, there's the cost of labor and the cost of approval (all the hoops you have to jump through) which compounds b/c -
@alex@kimmaicutler it means time delay so you deploy capital on initial purchase & it takes longer to see a return, which adds to the cost
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@kimmaicutler @bruteforceblog no it doesn't - land != buildingThanks. Twitter will use this to make your timeline better. UndoUndo
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