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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it is Biden’s commercial real estate donor class. [/quote]

It's more than that. DC is going to face a massive property tax shortfall if office buildings get revalued downward by 50%. CRE pays property tax rates that are 2x of DC homeowners.

It will start a services cut-tax hike spiral on the remaining residents if CRE takes a big haircut. It will be Democratic-voting big cities that will face the brunt of these revenue shortfalls. Crime will go up, schools will get worse, poverty alleviation programs get eliminated, etc.

My kid is in DPR summer camp right now at our local park. It's an amazing program and costs me $150 for two weeks for 8am-6pm daily care + all food covered. It's safe, fun, and has a good curriculum of play + art + learning. It's dirt cheap and he has fun. If CRE gets revalued down by 50%, that summer camp option gets eliminated. Or it goes up in price so much that poor and MC DC families can't afford it.
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I'm all for wfh, but sending people back into the office, so that rents and valuations can be higher, so you can enjoy cheap summer camp is the most ridiculous and selfish argument I have ever heard. [/quote]

The arguments on both sides are selfish. Some people benefit, others lose. Funding social programs in major cities is really one of the best ones I've seen yet.

I wish people would just admit that instead of acting like RTO is definitely going to do greater good for all and the costs for (for example) young and mid-career GS 7-12 feds who can't afford to live in DC with a family and have to brown bag lunch anyway are meaningless. Feds are being told to suck it up for the benefit of others as a term of employment, regardless of individual circumstance and need. Let's just be honest here. [/quote]

Feds are being told to suck it up because that’s what Zients’s private equity buddies want. [/quote]

How do you know that Zients has PE buddies? Maybe he doesn't.[/quote]

Don’t be naive. [/quote]

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