3 ms·
A strong middleclass will probably result from people being able to save their earned income. Enabling remote work seems to be a good way to enable people to sa
by lusus_naturae 3y ago
A strong middleclass will probably result from people being able to save their earned income. Enabling remote work seems to be a good way to enable people to save money--they can rent/buy in LCOL areas and save on rent/mortgage. Additionally, converting office buildings to housing may help housing shortage, traffic congestion and alleviate any fears of cities losing income. I don't claim this is the strongest solution. I just wonder where are the political action groups that are working on these issues? My guess is commercial developers may also benefit from office-to-housing transition. One anecdote: there's a concern that climate change is going to cause displacement due to rising water levels in New York, and that's going to disproportionately affect lower income communities. I just wonder why placing people in converted-to-housing high rises would be an awful idea. I imagine some office buildings may still remain, which would make sense.