2 ms·
> It's amusing to read the comments from commercial real estate owners. There's a huge sense of entitlement. If they're losing money, somebody else must do some
by api 3y ago
> It's amusing to read the comments from commercial real estate owners. There's a huge sense of entitlement. If they're losing money, somebody else must do something to make them stop losing money. Immediately.
Many homeowners have the same attitude toward their home value. If their home value is going down, politicians need to do something. It's part of why reform is so hard. It's political suicide to do anything that could reduce home prices for existing home owners.
Real estate appreciation is basically an entitlement. I fully expect a bailout for commercial real estate.
Maybe this is how we get to the stars. Warp drive will be invented once the final campaign to allow infill development on Mars falls to a NIMBY campaign to preserve the character of the planet. (Actually I think something like this is a plot point in Kim Stanley Robinson's Red Mars novels...)
- deleted 3y ago[deleted]