Feel that in my bones. It’s insane how much it costs to build in the US period

www.scottwiener.com/meet-scott

Please send me photos before taking them down if you see them.

I live just off Piedmont Avenue and didn’t see any one there this morning. Thank you. I’m keeping my eyes peeled on my dog walks now and warned the neighbors

Sorry if I’m explaining something you already knew, but it was essential federal subsidies that made market rate booms happen before. I don’t think that will happen now and developers won’t be incentivized to continue building in this very bad market environment.

You can even look at the subprime mortgage disaster as an example as to how easily accessible options to home ownership and financing resulted in a MR boom. But when the market crashed so did construction. In post-WWII America it was federally backed loans.

It did but then the developers stopped building when there was no more profit incentive. The missing piece to the market rate puzzle that has existed in previous building booms was access to financing for homebuyers. But short that and with tariffs and interest rates we likely won’t see much built.

It is funny because the work we did in Oakland basically exempt us from the state mandated TOD development in the Bill. So it is really San Francisco, Sacramento, and LA that will be heavily impacted by the zoning changes unless they adopt their own

I’m a soft yes on @tonythurmond.bsky.social too but want to see his WFP interview first!

Leaning Tony Thurmond