Amazon, Atlanta, Cobb County discussed on The Von Haessler Doctrine
I'm Jay black picking the brain of the most trusted man in Georgia coming up with Clark Howard is looking for in two thousand nineteen when it comes to travel and technology, but I don't wanna kinda shift things locally here. And will we ever really in the running with Amazon two point? Oh, ended we dodged a bullet. We were not in the running for Amazon two point zero for the weirdest reason and it had to do with politics. Amazon was not going to go anywhere in the country where they were worried about what a state legislature might do. And so there was a great investigative story done by the Atlanta business chronicle about what happened and the visits that governor deal did to try to turn around Amazon's attitude about the political unknown here. But it's a fact that they were only going. Go to location where they were not worried about wildcard legislation coming out of a state legislature. And so we were a solid contender. But the political side is what drove us out of consideration. Can you really make something back when you give a company two billion dollars in tax breaks? I hate corporate welfare. I hate it. And you know, there's no some net benefit to the nation. I love this country. And I hate this game we play with incentives where we're not doing addition to the country, we're doing a net zero when you steal an employer from one other city or one other state, or whatever and you bring them to you. You may have added something here, but you subtracted something somewhere else. And in addition, you're giving money in the case of Amazon, billions of dollars to a big private enterprise government should not be in a position where it's picking winners and losers. And I think about this if we'd given Amazon billions, so we give any other big corporation billions. It means that other businesses are subsidizing them with higher tax rates than they would have to pay. Otherwise, if we end the whole incentive foolishness here in Georgia. We could potentially lower tax rates for individuals and for. Companies and then we create a more welcoming environment for businesses to locate and for individuals to want to live here in Georgia. So I'm gonna go out on a limb here and say, you're not a big fan of the Gulch deal either. Well, you know, it's not about any specific project. It's the whole idea of government putting money in I was opposed to Cobb County putting money into the Braves thing, I was opposed to the city of Atlanta and the state putting money into the falcons thing. And so I don't like these subsidies where they say, oh, well, our economic model shows if we built this new stadium that it's going to generate spinoff income of blah, blah, blah, blah, blah. But think about what they did they they had Turner field. That was perfectly fine stadium and ditched it to go build another stadium and the Cobb County tax payer. Offers. I mean, they're they're commission chairman was defeated because of all the hundreds of millions of dollars that are now a burden on Cobb County taxpayers from building the stadium. So I believe that you eliminate government incentives and just provide a level playing field and create an environment that allows you to have lower taxes in the first place that naturally attracts more businesses and highly educated people to come one be here. So that to the mayor's tax breaks thing. How would you handle that Gulch dilemma? Well, okay. So this is the libertarian leaning in me, my thing is that if you're providing an environment that is attractive to business eventually was his highest and best use someone will come along who's a capitalist and say, hey, I can make money developing this under appreciated underpriced piece of land. And I'm going to do it. If you think about Atlanta's history, it's all about continual renewal and rejuvenation. There are so many areas of Atlanta that were given up for dead that organically naturally have come alive in gentrified. And now one of the big issues in the city of Atlanta's gentrification has become a dirty word in inside the city something people outside to eighty-five may not be aware of. But the point is that ultimately economic activity flows where the marketplace says it. Should flow. And we don't need government interfering in that all these things will have a major effect, especially in the city on housing prices. And I'm still stunned by how expensive things are can't get any higher. Well, real estate has probably peaked in metro Atlanta. Because ultimately, you have to be within the reach of people's budgets. You have to be at a point even if people stretch them, we're at a point where a lot of neighborhoods across metro Atlanta. People cannot afford to buy a home. So when anything gets to a point where it out runs people's ability to afford it. Ultimately, your market of potential buyers shrinks, and that's where we are. Now in metro Atlanta. The other thing is developers and builders nationally hadn't happened as much here have come up with new home designs that they can build cheaper that are smaller and more creative. And we need to see more of that in metro Atlanta that you think about who needs a formal dining room today. Right. And with computer aided design a lot of builders are building homes where they're able to build square footage cheaper per square foot. We in metro Atlanta don't have a market dominated by the big publicly traded builders that can do what economists refer to as a a scale. I think we're gonna see more and more of that here. We're also going to see with housing where houses are built more component were there built in warehouses room by room truck to sites put together you end up with a better built house, you end up with one that spilled a lot quicker and generally twenty to thirty percent cheaper construction cost building in a modular faction in a in a factory and. Trucking to the.