Re:CA Cities to Lose All Zoning Powers in 2 Days
by rcpt on Tuesday January 31, 2023 @12:33PM
(#34598366)
It's the variance.
If you're already 5x leveraged into a single asset in a single location whose value is wholly outside of your control you don't need the extra risk of redevelopment
If you're already 5x leveraged into a single asset in a single location whose value is wholly outside of your control you don't need the extra risk of redevelopment