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Cake day: June 25th, 2023

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  • Would you rather have a trillion dollars today, or need to wait 10 years and then invest $500M to maybe make a little more several years later? Obviously the trillion dollars isn’t all going to one person, but they’re definitely not all chomping at the bit to completely change their revenue model. Commercial real estate is much easier to manage than residential, for one. Additionally, the big corporations like Amazon, Microsoft, Expedia, etc. all get massive tax breaks from the cities and states that they’re in, with the contingency that they maintain a minimum occupancy in their headquarters. The reasoning is that they get tens of thousands of people moving through the city every day, paying tolls, parking, sales tax, etc… Those businesses aren’t eager to give up their tax breaks that they spent a billion+ obtaining.