Re:A New Real-Estate War in Silicon Valley
by closeparen on Saturday October 22, 2016 @05:23PM
(#12770637)
It's not that they couldn't make any profit by building in rent-controlled areas, but why would you allocate the capital for construction to a rent-controlled area when you could take it to a city without rent control?
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Re:A New Real-Estate War in Silicon Valley
by ubernostrum on Saturday October 22, 2016 @06:16PM
(#12770817)
Why would anyone build anything anywhere in California, when they could take it to a "business-friendly" state instead?
The answer is the three things that matter in real estate: location, location, and location.
Re:A New Real-Estate War in Silicon Valley
by WalterBright on Saturday October 22, 2016 @07:19PM
(#12771039)
Business-unfriendly just translates to higher costs and higher prices.