K1052
Elite Member
- Aug 21, 2003
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Given the median income and real estate price of that city, clearly there are many people who disagree with you.
That's another subject entirely. I have never seen a municipal government fumble growth so badly while lamenting the situation they helped create. The entitlement process here bears more resemblance to the obstacle course on old school American Gladiator where any asshole with a nerf ball can knock you out except it goes on for years (even decades).
Combine a very limited supply with lots of IPO and foreign cash surging into the market and all of a sudden everything starts trading for 10-30% above list cash. It's a situation mere mortals cannot compete with.