Well, if you can’t find anything to confirm your bias, then it is probably wrong. Public Transit often loses money and is owned and operated by government.
Musk raised $44B of real money to buy Twitter and bring it into private ownership. I’m saying had he just left well enough alone, he could have used that money for other purposes
Your point on adding more supply to the real estate market to prop up prices is the opposite of Econ 101 - more supply, all things equal, will reduce prices. Mental health is a much larger barrier to receiving help for the homeless.
I used to volunteer weekly with homeless and housing insecure people in Philadelphia and untreated mental health or substance abuse was an issue for many. There are also barriers to receiving government aid that would assist them because many programs require an address or the process is unnecessarily complicated.
Housing is just one step. They would also require a great deal of counseling, job training, and medical attention to reintegration into society. Anyway, my point was simply to illustrate what a magnificent waste of resources it was to buy Twitter.
To put this in perspective, they lost an average of $2B per month in value. According to HUD, there were about 582,000 homeless people in the US last year. $2B per month is enough to house all of them nearly 4 times over if you assume $1k per month in housing expenses.
What a monumental waste of resources that could have made a difference. Musk just sucks
I don’t think anyone outside of here says that about cyclists. And certainly no one thinks an imbecile in a big truck is an elitist. If anything they probably feel sorry for them that they think Olive Garden is a fancy Italian restaurant
Clearly you skipped over the Coleman Young Era of leadership in Detroit. Plagued by crime and rampant corruption, White flight started after a series of race riots in 1967, but continued through the 70s and 80s. Young succeeded in integrating the police department and reducing brutality complaints, but the murder rate never dipped below 50 per 100k residents and the city lost about half a million residents during his ~20 years of leadership.
Then of course you had later convicted crooks like Kwambe Kilpatrick run the city into bankruptcy. Auto companies, mainly GM and Chrysler, left, but that was only part of the problem. Years of fiscal mismanagement and crime deteriorated the city.