5 ms·
Commercial real estate is very lucrative to local governments and it causes all kinds of problems with housing. We need some sort of a hard ratio limit on how m
by innagadadavida 5y ago
Commercial real estate is very lucrative to local governments and it causes all kinds of problems with housing. We need some sort of a hard ratio limit on how many offices can be built fir a given amount of houses in commutable distance. It is sad to see all the baristas and workers commute crazy distances to get to their work. This is not good for employee well being nor traffic.
- bombcar 5y agoCommercial real estate is almost pure “profit” for a City - pays taxes with little demands on services beyond some streets and basic policing. Arguably property tax on office buildings should be lower to discourage cities from dedicate too much space to it.