Costco's stock price has seen a significant increase in P/E ratio over the years, with concerns about sustainability. Despite this, Costco's stock has surged by 636% in the past decade. Costco has been praised for building affordable housing units and a mixed-use community, bypassing regulatory barriers. The innovative project has garnered positive feedback and calls for similar initiatives to address the housing crisis.
>Costco is building the Munger Cube with an attached Costco in LA https://t.co/sllAe5XfK0 https://t.co/KKkwHTlQ2V
Let Costco tackle the housing crisis. https://t.co/lcCNEKWQEK https://t.co/MSP2GaY80Q
The heartwarming story of how smart public policy incentivized Costco to build 800 apartments on top of a Costco instead of just building a Costco https://t.co/vIFWB3kLMG
These floor plans are less than ideal, but overall Iβd say a large number of new homes and a Costco seems like a very good outcome for LA https://t.co/j2BFzbl34f
Costco created a dense, mixed-use community by hacking the system and finding ways around costly regulatory barriers. Any urbanists want to explain why avoiding the regulations was a bad thing? https://t.co/AeAZniGAc8
Ignore this guys characterization of this project. This is a really incredible case of ingenuity that we should be leaning into nationally to solve our housing crisis. We need another 100 of these Costco multi-use projects. We also need dozens more housing pre-fab factories too https://t.co/LXW4jzLN7Q
Costco create a dense, mixed-use community by hacking the system and finding ways around costly regulatory barriers. Any urbanists want to explain why avoiding the regulations was a bad thing? https://t.co/AeAZniGAc8
Costco built dozens of new affordable housing units, complied with all regulations (their merit notwithstanding), AND threw in a COSTCO for good measure. Another big societal Win, thanks to Costco. π https://t.co/rmv8KtAEDU
This is why Costco $COST stock is up 636% over the past 10 years https://t.co/jC0fmgbazO
2024: Costco is 52x P/E, this can't be sustainable 2025: Costco is 70x P/E, this can't be sustainable 2026: Costco is 102x P/E, this can't be sustainable 2027: Costco is 1000x P/E, this can't be sustainable