Re:Can the West’s perplexing employment miracle continue?
by red-iron-pine on Monday March 06, 2023 @09:13AM
(#35041221)
How long do you think it takes to build a skyscraper? Cuz it ain't short. Just he zoning, funding, and pre-project tasks can take years.
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Re:Can the West’s perplexing employment miracle continue?
by pclmulqdq on Monday March 06, 2023 @12:04PM
(#35043451)
Well, that's why basically nobody builds them in places like New York or SF. Even so, I think you're underestimating how long it takes to make it to a net profit as a startup. Even in one of these cities, the planning-to-profit timeline is under 5 years.
Even 432 Park Avenue, the new huge luxury tower in NYC, took 3 years. A random startup takes a lot longer to get to the money.