Raisa De La Rosa

I mean, in the end, what I've come to figure is we're just such a small piece of the pie of development.

It could be the case that there's no incentive to lease a building. They purchase it, they owe no money on it, the taxes are very low. Or even if they're a new owner, it could be part of a portfolio where the loss on this one helps offset the gains on something else, so then it actually makes sense to not maybe lease it out.

It could be the case that there's no incentive to lease a building. They purchase it, they owe no money on it, the taxes are very low. Or even if they're a new owner, it could be part of a portfolio where the loss on this one helps offset the gains on something else, so then it actually makes sense to not maybe lease it out.

It could be the case that there's no incentive to lease a building. They purchase it, they owe no money on it, the taxes are very low. Or even if they're a new owner, it could be part of a portfolio where the loss on this one helps offset the gains on something else, so then it actually makes sense to not maybe lease it out.

There could be any number of reasons why somebody who owns a property doesn't redevelop it. You know, developing housing is expensive. Getting financing for housing is expensive. You know, land property owners have a vested right into doing what they want to do with their property so long as it fits within the laws.

There could be any number of reasons why somebody who owns a property doesn't redevelop it. You know, developing housing is expensive. Getting financing for housing is expensive. You know, land property owners have a vested right into doing what they want to do with their property so long as it fits within the laws.

There could be any number of reasons why somebody who owns a property doesn't redevelop it. You know, developing housing is expensive. Getting financing for housing is expensive. You know, land property owners have a vested right into doing what they want to do with their property so long as it fits within the laws.

So from the government's perspective, they're free to go if they wanted to convert it.

So from the government's perspective, they're free to go if they wanted to convert it.

So from the government's perspective, they're free to go if they wanted to convert it.

Yeah. The other thing is neighbors. Neighbors and NIMBYism tends to be the biggest obstacle. Sometimes neighbors, whether they be commercial or residential, have a very short-term view on impacts that can greatly benefit them down the road.

Yeah. The other thing is neighbors. Neighbors and NIMBYism tends to be the biggest obstacle. Sometimes neighbors, whether they be commercial or residential, have a very short-term view on impacts that can greatly benefit them down the road.

Yeah. The other thing is neighbors. Neighbors and NIMBYism tends to be the biggest obstacle. Sometimes neighbors, whether they be commercial or residential, have a very short-term view on impacts that can greatly benefit them down the road.