David Friedberg

No, they spend money.

They spend money in New York.

They have their birthday party in New York.

They do all kinds of things in New York.

That is an issue, is the land banking.

It's like your Bitcoin is hollowing out a neighborhood and there is something there.

But you know what, the whole housing thing is complete cap and utter bullshit because if you move to a place like Austin where you are in Nevada or Florida, you see what happens when you allow people to build units.

In Austin, three years in a row, rents and housing prices have gone down while net migration has gone up.

And then who's stopping the building?

It's democratic cities.

It's NIMBY people.

And then in a Republican town, they're actually building units for an affordability.

So you have one group saying they care about affordability and they're doing nothing about it and they're stopping it.

And in another place, they're like, we're just going to let you build because it's your right to build because it's your land.

That's the approach in Texas.

It's your land.

You have the right to develop it.

Go.

He's paying, he must be paying three or four million in taxes every year and getting no services to your point, Travis.

Good point, like all profit for the city.