If it was such a horrible Idea would all of these companies spend billions on it?

Honda has invested $3.5 Billion in Fayette County for a plant that will make batteries for electric vehicles. https://www.dispatch.com/story/business/2022/10/11/honda-to-build-battery-plant-in-fayette-county-ohio-electric-vehicle-hub/69548391007/ Amazon buying even more land!

Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities.

Indiana University Health is building a 4 BILLION dollar facility in downtown Indy.  44 acres.

The bank sold off 1 billion of bad debt to a venture capital company in 2017 including the above property.

Apple just announced a $1 billion plan to build a new campus in the park to create 3,000 new jobs.

Several large financial offices have moved to Tampa, (Think Kathy Wood with ARK investments) as well the downtown and multi-billion dollar expansions such as Waters Street Community and the Midtown development, continue to push the availability of jobs, residences, and demand for real estate to fullfill these needs. 

The accountants had nothing to gain by the CEO making billions.

Greetings,Here is an update on the current National Commercial Multifamily Real Estate Market in The United States of America:Multifamily investment activity dipped below $100 billion in 2023 for the first time since 2014.

Intel is investing $20 billion to build chip manufacturing plants in Licking County, which is projected to create 30,000 new jobs.