The projects in Oakland that we've built have been the most diverse projects of any place in the Bay Area. At our Durant project, 35 percent of the buyers were African American, about 30 percent were Asian, and the rest were white and Latino.
It would basically preclude a lot of new housing from being built in Oakland.
I have that quote burned into my head.
They want to see demonstrated what they are buying. They want to bring their friends and families. The problem is, it's tough to find a sales office.
You have to analyze where you're going to allocate your capital -- and your risk. Comments like that can have far-reaching implications.
