Whitney Tilson: “It's now four years when you double the amount of time.”

“Once I knew I had the zoning to actually building and opening something and being able to sell or rent the apartments or the housing. When that extended to four years, It's now four years when you double the amount of time. And interest rates have gone from very low to, you know, more historical levels. You know, mortgage rates are 7% or something. So when you have that much higher carrying costs and you've.” (43:16–43:20)

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