That capital comes with an expectation of significant return. It's not an unstrung purse with guarantee of perpetual safety.
I think the comment more refers to hospitality industry litigiousness (and sometimes, competition). I think any feeling of invincibility would be curtailed by constant embattlement in their own headquarter city.
That or breaking zoning laws in cities and making the rest of us miserable while our "neighbor" profits.
You ever had a surprise AirBnB right above you? At 4AM on a Wednesday morning? Yeah, the tenant got dinged, eventually... maybe. I still had the joy of feeling someone's musical choices during time I had planned to be asleep with no real recourse from security or the police.
Why are you mad with airbnb and not with your local police? It's not airbnb's job to handle noise complaints, but it is the job of your local police to enforce the law (whether it's the law against short term sublets or the law against noise).
I think the comment more refers to hospitality industry litigiousness (and sometimes, competition). I think any feeling of invincibility would be curtailed by constant embattlement in their own headquarter city.