3 ms·

This is great for the 'city', if you define the city as land and property, and not the people that live there.

• Turing_Machine 11y ago
  The people who live in the Bay Area could certainly change the zoning laws to allow higher-density/lower-cost housing, leaving this guy (and others like him) to twist slowly in the wind, but so far they haven't. There seems to be some movement in that direction of late, but it's going to take years.
  • hugh4 11y ago
    Twist slowly in the wind? More like make a shitload more money by selling his thousands of properties to developers to put in skyscrapers for gazillions more than he paid. Not that spite or envy should be a part of planning calculations either way.
    • Turing_Machine 11y ago
      Maybe the first few guys to jump in would, but once there was enough housing the demand would fall and the landlords with the (now) overpriced rents and their (now) unsustainable mortgages would be in trouble.
  • morgante 11y ago
    I've seen the opposite. Anti-tech liberals lobby hard against new construction, thereby ensuring the very housing affordability crisis they supposedly hate.