4 ms·

It's only an opportunity for government as zoning/regulations have to be adjusted for this situation. If that happens, and it's made reasonable to convert offi

by dmbche 3y ago

It's only an opportunity for government as zoning/regulations have to be adjusted for this situation. If that happens, and it's made reasonable to convert offices into housing, pretty easy to make money from that. (Edit: by renting/selling the housing - if that wasn't clear yet) What are we gonna do with the offices anyway? Keep em empty for old times sake?

endisneigh 3y ago
Why would the owners of the office space sell? They could do this themselves if it’s that lucrative.
- dmbche 3y ago
  Sure - that's also a great option, the government will make money on the permits and taxes from converting and selling/renting. Still better than keeping everything empty. It's possible the owners wouldn't want to start running a renting to tenants business if they were renting office space, since it's less money per client and more maintenance/running costs. The governement could very well be better at handling this than private companies, and would companies would sell for liquidity instead of future profit, and go into something else. Esit: I'm no expert on housing, but this would disrupt wildly the value of housing in the city, since the benefit of being close to offices vanishes and housing is all over. Profits from exploiting the buildings could very well be less than interesting for private companies. It could also be governement policy to sell this housing to individuals instead of renting, creating a lot of capital to be used by individuals (since mortgages are tough to reach for most people today, this could be nice economic leverage for individuals, if they could buy cheap housing and mortgage it. Not sure what that'd do to the economy but I doubt it would be bad.
  - endisneigh 3y ago
    From what you’re saying it doesn’t sound like it would be lucrative. Lotta conjecture and hand waiving here
    - dmbche 3y ago
      Yeah - I'm spitballing on what to do with empty office space that no one would possibly want to buy if we don't go back to offices. I garantee you that keeping em empty isn't lucrative, so we gotta do something with them. Housing makes some sense. What are you suggesting?
      - endisneigh 3y ago
        I’m not suggesting anything. I don’t think turning office space into housing makes sense. I also don’t think getting the government involved makes sense either. The government is responsible for the current housing crisis to begin with with excessive zoning and enablement of small communities to block development.
        dmbche 3y ago
        Sweet. Thanks for the input.

by dmbche 3y ago

endisneigh 3y ago

Why would the owners of the office space sell? They could do this themselves if it’s that lucrative.

dmbche 3y ago
Sure - that's also a great option, the government will make money on the permits and taxes from converting and selling/renting. Still better than keeping everything empty. It's possible the owners wouldn't want to start running a renting to tenants business if they were renting office space, since it's less money per client and more maintenance/running costs. The governement could very well be better at handling this than private companies, and would companies would sell for liquidity instead of future profit, and go into something else. Esit: I'm no expert on housing, but this would disrupt wildly the value of housing in the city, since the benefit of being close to offices vanishes and housing is all over. Profits from exploiting the buildings could very well be less than interesting for private companies. It could also be governement policy to sell this housing to individuals instead of renting, creating a lot of capital to be used by individuals (since mortgages are tough to reach for most people today, this could be nice economic leverage for individuals, if they could buy cheap housing and mortgage it. Not sure what that'd do to the economy but I doubt it would be bad.
- endisneigh 3y ago
  From what you’re saying it doesn’t sound like it would be lucrative. Lotta conjecture and hand waiving here
  - dmbche 3y ago
    Yeah - I'm spitballing on what to do with empty office space that no one would possibly want to buy if we don't go back to offices. I garantee you that keeping em empty isn't lucrative, so we gotta do something with them. Housing makes some sense. What are you suggesting?
    - endisneigh 3y ago
      I’m not suggesting anything. I don’t think turning office space into housing makes sense. I also don’t think getting the government involved makes sense either. The government is responsible for the current housing crisis to begin with with excessive zoning and enablement of small communities to block development.
      - dmbche 3y ago
        Sweet. Thanks for the input.