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It's funny, I've been writing for years that the CRE market is terminally doomed and we might as well turn the skyscrapers into affordable public housing. Refre
by sam0x17 2y ago
It's funny, I've been writing for years that the CRE market is terminally doomed and we might as well turn the skyscrapers into affordable public housing. Refreshing to see this reality leaking into the public consciousness.
- spxneo 2y ago[dead]
- gnabgib 2y agoProjects are underway in Calgary and Halifax; others are being planned or debated in Toronto, London, and Yellowknife. https://ici.radio-canada.ca/rci/en/news/1953973/turning-empty-offices-into-housing-is-a-popular-idea-experts-say-its-easier-said-than-done https://ici.radio-canada.ca/rci/en/news/1953973/turning-empt... Five more downtown Calgary office towers to be converted to residential homes https://globalnews.ca/news/9637005/calgary-office-towers-to-be-converted-homes/ https://globalnews.ca/news/9637005/calgary-office-towers-to-...
- h0l0cube 2y agoI too have been waiting for the inner city CRE market to crash for a long time now, but conversions of skyscrapers are generally impractical for all the reasons listed in this comment https://news.ycombinator.com/item?id=40292219 https://news.ycombinator.com/item?id=40292219 So we might have to wait until it makes economic sense to demolish and rebuild before life returns to the cities