The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
    • MotoAsh@lemmy.world
      243·
      1 year ago

      Buildings not even built strong enough for multipurpose use. Ahh the “efficiency” of capitalism…

      Also, no one said it has to be rennovated to be exactly like normal apartments. Some mixedly shared living spaces exist in some entire cultures for crying out loud.

        • Gabu@lemmy.world
          21·
          1 year ago

          Because most non-US cultures didn’t decide to build their cities in the stupidest way possible.

            • Gabu@lemmy.world
              1·
              1 year ago

              Brazil is as young as the US and, despite interference from the former, still managed just fine to build walkable cities. Japan too.

    • Grandwolf319@sh.itjust.works
      61·
      1 year ago

      I’ll take an entire floor for the cost of one bachelor unit.

      If you think that’s not fair to the building owner, I agree, they made a bad investment.

      • Cryophilia@lemmy.world
        2·
        1 year ago

        That’s what I’m saying, convert them to ridiculously high end massive floor plan condos, we don’t need whole buildings of studios and 1br

    • dustyData@lemmy.worldEnglish
      51·
      1 year ago

      This might come as a shock to you but, human dignity doesn’t give a fuck about commercial real state value. Because commercial real estate owners don’t give a fuck about human dignity. So reciprocating the same level of care is fine for most.

        • dustyData@lemmy.world
          11·
          1 year ago

          You’re a bad person. I’m glad that you recognize that. It puts my moral judgment at ease to know that you’re perfectly aware that you are a bad person.

    • Potatos_are_not_friends@lemmy.world
      52·
      1 year ago

      if only there was a solution that wouldnt immediately destroy billions of dollars in commercial real estate.

      Please. Will somebody think of the poor poor investors?

    • LrdThndr@lemmy.world
      33·
      1 year ago

      most standard office floors dont have more than two or maybe 3 restrooms

      Oh no! Too bad they don’t sell common plumbing supplies at the Home Goddamned Depot.