Interesting, nuanced look at the potential effects of #SB50 from @UCBerkeley researchers. I was particularly struck by these charts showing how much more developers are likely to profit from building in wealthy Menlo Park than poorer Fruitvale upzoning.berkeley.edu/downlo…
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Why has the market determined that the capitalization rate in Menlo Park is 3.25%, but that it's 5% in Fruitvale? That difference explains the bulk of the difference in profitability, and I don't see an explanation of it.
Apr 4, 2019 · 12:14 AM UTC
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