Greed and Avarice mixed with cupidity blended with terminal nimbyism pretty much sums it all up. Google was seen as a monster cash cow, and blood-suckers lined

Greed and Avarice mixed with cupidity blended with terminal nimbyism pretty much sums it all up. Google was seen as a monster cash cow, and blood-suckers lined up to drill for gold. Property costs (not values) have ramped up in much the same way as if San Francisco, driven by height limits, density limits and the huge ramp up of properties bought and rented for income. (aka rent seeking). Often highly leveraged with 80%+ mortgages. the owners lice in fear of a market decline. Rogue AirBNB owners infest the market, even when precluded from doing that, they rent and litigate. So I think the smell of the terminal cupidity they detected drove them away.