Interest rates are super high right now, so you might get some reprieve in the short term. They'll probably slow play Vallco until rates come down, doing just enough to keep their zoning exemption?
The reprieve in the short term would be lots of new housing built as quickly as possible, to help alleviate massively rising rents. High interest rates preventing construction of new, desperately needed housing is exactly the opposite of what we need.
Interest rates are not super high. They seem that way if you only look at the past few year, but they are close to normal if you look on a larger time scale.
It's not me you have to convince buddy, its the Sand Hill Property team and their econometrist, who are probably expecting an interest rate cut cycle this year.
