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> “We increased funding, we increased the number of jobs, but as such, we increased the retail estate value. And the problem which we solved was the financing p
by alecco 5y ago
> “We increased funding, we increased the number of jobs, but as such, we increased the retail estate value. And the problem which we solved was the financing piece, but then unfortunately, financing still requires you to have an office. But that’s kind of just how the market works.
Same mistake as California. The landlords get a huge cut of cash inflows.
Tech should take a lesson from Macdonalds and buy land before placing a tech hub on it. And land price increases can help get seed money.