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At some point it’ll be cheaper to convert than to leave the property unused. Raising taxes in vacant property is also an option to drive such conversions. I ag
by rbanffy 11mo ago
At some point it’ll be cheaper to convert than to leave the property unused. Raising taxes in vacant property is also an option to drive such conversions.
I agree not all property will be easy to convert, and plumbing and AC will need some adaptation, but any conversion reduces both office oversupply and housing shortage.
- al_borland 11mo agoI think the big question might be if it’s better to convert or rebuild.
- rbanffy 11mo agoRebuilding sounds like a lot of waste, but I guess some commercial properties will be very difficult to adapt.