Jane Kim delivers on the math. She should be our next mayor and a fine one.
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Calpers divested billions from fossil fuel corporations they can adjust to changing market conditions in real estate.
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They can’t! The developers actually think that their LPs should be OK with an infrastructure rate of return on safer assets like SF real estate but the public sector pensions (which are funding *your* retirement) want a double digit return.
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Progressives, at the end of the day, all harken towards authoritarianism, denial of the market & don’t understand that supply and demand are as real as gravity.
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