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Joined 1 year ago
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Cake day: July 12th, 2023

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  • This simply means it’s a question of how far do the values of these buildings need to fall before it is economically viable to perform these massive conversions. Government could certainly incentivize these conversions. Too bad it seems most governments don’t care about alleviating the various housing crises.


  • Per the article, it seems that the main barrier here is that it is currently not economically worthwhile to convert these buildings, as the conversions require massive changes to the buildings themselves. If the value of these properties fall enough, however, it could easily become an attractive proposition for these buildings. A continued push for work from home can hopefully damage these property values enough to make it feasible.