4 ms·
Because a developer is never too big to fail, it can't issue bonds and it will be outcompeted if it can't manage costs. I am not against cities building, but w
by georgeecollins 1y ago
Because a developer is never too big to fail, it can't issue bonds and it will be outcompeted if it can't manage costs.
I am not against cities building, but where I live in California the excessive zoning, permitting and delays are at the core of the problem.
- bagacrap 1y agoNever heard of corporate bonds? When developers/investors fail, they do take down projects with them. See: Oak Knoll/Lehman Brothers. But yeah, I don't believe the state of California is going to do any better.