Bill Fulton

Nevertheless, sometimes developers work around that and you are seeing more and more redevelopment of old malls into mostly housing. That's probably the most promising part of it. More promising probably than the big old office buildings because it's not that hard to tear down a mall. So that's happening more and more.

Nevertheless, sometimes developers work around that and you are seeing more and more redevelopment of old malls into mostly housing. That's probably the most promising part of it. More promising probably than the big old office buildings because it's not that hard to tear down a mall. So that's happening more and more.

Nevertheless, sometimes developers work around that and you are seeing more and more redevelopment of old malls into mostly housing. That's probably the most promising part of it. More promising probably than the big old office buildings because it's not that hard to tear down a mall. So that's happening more and more.

Right. You typically don't convert the mall building to residential. You tear it down.

Right. You typically don't convert the mall building to residential. You tear it down.

Right. You typically don't convert the mall building to residential. You tear it down.

I think what you just described, PJ, suggests how deeply embedded in our psyche this separation of development is. The idea that you might have an office above a mall with a food court. You know, a hundred years ago, having your office above a retail area in a downtown would have been considered very normal. And in other parts of the world, it's still considered very normal.

I think what you just described, PJ, suggests how deeply embedded in our psyche this separation of development is. The idea that you might have an office above a mall with a food court. You know, a hundred years ago, having your office above a retail area in a downtown would have been considered very normal. And in other parts of the world, it's still considered very normal.

I think what you just described, PJ, suggests how deeply embedded in our psyche this separation of development is. The idea that you might have an office above a mall with a food court. You know, a hundred years ago, having your office above a retail area in a downtown would have been considered very normal. And in other parts of the world, it's still considered very normal.

And yet we think it's really weird if it's in a suburban mall. But I think you're going to see that more and more.

And yet we think it's really weird if it's in a suburban mall. But I think you're going to see that more and more.

And yet we think it's really weird if it's in a suburban mall. But I think you're going to see that more and more.

Good evening, everybody. Public hearing number one.

Good evening, everybody. Public hearing number one.

Good evening, everybody. Public hearing number one.

Well, you can't, but I will say two things. There are two demographic realities here. One is that most of those people are older, and eventually that constituency will begin to disappear. There's a huge generation gap between older homeowners, mostly white, who resist change, and then you've got basically everybody under the age of 40 struggling to buy a house.

Well, you can't, but I will say two things. There are two demographic realities here. One is that most of those people are older, and eventually that constituency will begin to disappear. There's a huge generation gap between older homeowners, mostly white, who resist change, and then you've got basically everybody under the age of 40 struggling to buy a house.

Well, you can't, but I will say two things. There are two demographic realities here. One is that most of those people are older, and eventually that constituency will begin to disappear. There's a huge generation gap between older homeowners, mostly white, who resist change, and then you've got basically everybody under the age of 40 struggling to buy a house.

And that's where the YIMBY movement has come from, the Yes In My Backyard movement. There's a huge demographic reality. And so the political dynamic is changing, not because people are changing their mind, but because the demographic reality is changing. And that is what I think will prevail in the end.

And that's where the YIMBY movement has come from, the Yes In My Backyard movement. There's a huge demographic reality. And so the political dynamic is changing, not because people are changing their mind, but because the demographic reality is changing. And that is what I think will prevail in the end.