What would a market-rate 3BR go for in a building like this? I don’t know the DC market for that.

One could imagine various structures. I wouldn’t say it’s interest-only + option, unless one would characterize a 30Y that way.

Depends on the terms and the borrower.

Preference for capex > opex rules everything around me. Rubber is way more expensive than woodchips, but you do it once every, what, decade with close to zero maintenance?

The question is whether to fund services like schools locally or at a higher level of administrative unit. Relying on hyperlocal public provision may be worse than national private markets.

This is why most "behavior" changes are directly traceable to the bottom line. In private law practice, higher billable hour or collections requirements; in sales, more sales. Etc.

Imposing a policy that requires behavior change (of any kind) is widely understood to risk long-term damage.

Step 1: adopt policy
2: the people you want to stay, leave, and vice versa; do layoffs; reconsider policy to make hiring easier
3: must credibly commit while managing whiplash, morale drop

The problem with a newly strict policy—adverse selection—is a general one, not WFH-specific. As Nick Bloom (who has studied WFH since the 90s) is fond of saying, you don't get to choose who leaves. Suppose an employer requires formal dress or cuts vacation time—are top performers going to stay?

Also have another recent article on the subject as part of a separate project with co-authors (two more papers coming soon): papers.ssrn.com/sol3/papers....

The post expands on a book chapter of mine on transportation policy and aging: papers.ssrn.com/sol3/papers....