@kimmaicutler as the article shows. Developers only sell for less if forced to by regulations, to get a project approved or as PR stunt
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@noahsloss developers acquire land from landowners at enormously high prices, which only gives them a certain margin to worn with. - 2 more replies
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@kimmaicutler developers are corporations motivated exclusively by financial gain. Homeowners are people motivated by other things as well. -
@noahsloss the developers that are successful in SF are ones that have been deeply embedded w the community for years, decades.
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@kimmaicutler yes. but at the very least the sellers can claim to having contributed in some small way to a neighborhood's desirability. -
@RevClown you don't think developers do the same? They add ground floor retail space, have to pay benefits to community orgs. - 1 more reply
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@kimmaicutler it's a two way street. Both sides gain something.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler The system works.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler the family that sold me my house based the decision on my cover letter which was long on what I was going to do with the placeThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler and I've heard the same from others. Not a $400k haircut, but looking for buyers who are going to add something at the marginThanks. Twitter will use this to make your timeline better. UndoUndo
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