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Tax law changes don't change zoning policies or other political obstacles to construction. People exist with money willing to invest into construction if they c
by TheCowboy 5y ago
Tax law changes don't change zoning policies or other political obstacles to construction. People exist with money willing to invest into construction if they could. People also like to hate on politically-connected 'greedy developers' but they create an environment where that's the type of companies that are going to thrive.
Maybe people here would do better to visualize it in startup terms where people are willing to put excess capital to use. Imagine you needed to get approval of neighborhood committees and so on to do a startup. Would YCominator still look the same? I don't think it would. You would have VCs that more about forming cozy relationships with politicians and poker brokers.