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Except to large commercial landlords, who...actually, there is no downside.
by ElfinTrousers 4y ago
Except to large commercial landlords, who...actually, there is no downside.
- marcyb5st 4y agoThe only downside I can see are restaurants/shops that work with those office employees. Some might not survive. In fact, even if offices are converted 100% into housing, the turnover of people is gonna be smaller. Anyway, rent should also decrease for those after a bit.
- ElfinTrousers 4y agoThat's a good point, but then, it's not as if these businesses are going to benefit from buildings standing empty either. Also, the hypothetical future residents of these buildings are going to need somewhere to get their food, toiletries, etc.
- badcppdev 4y agoAren't a lot of pension funds and such heavily invested in real estate?