The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
    • MotoAsh@lemmy.world
      212·
      1 year ago

      Buildings not even built strong enough for multipurpose use. Ahh the “efficiency” of capitalism…

      Also, no one said it has to be rennovated to be exactly like normal apartments. Some mixedly shared living spaces exist in some entire cultures for crying out loud.

        • Gabu@lemmy.world
          31·
          1 year ago

          Because most non-US cultures didn’t decide to build their cities in the stupidest way possible.

            • Gabu@lemmy.world
              1·
              1 year ago

              Brazil is as young as the US and, despite interference from the former, still managed just fine to build walkable cities. Japan too.

        • SmoothIsFast@citizensgaming.com
          1·
          1 year ago

          America is supposed to be a melting pot of different cultures, I think we can make it work and I’m sure those who are unhoused would much rather be able to live in a communal space with a roof and shower than nothing. Fuck corporate real estate profits and let the people live ffs

    • Grandwolf319@sh.itjust.works
      71·
      1 year ago

      I’ll take an entire floor for the cost of one bachelor unit.

      If you think that’s not fair to the building owner, I agree, they made a bad investment.

      • Cryophilia@lemmy.world
        2·
        1 year ago

        That’s what I’m saying, convert them to ridiculously high end massive floor plan condos, we don’t need whole buildings of studios and 1br

    • Potatos_are_not_friends@lemmy.world
      62·
      1 year ago

      if only there was a solution that wouldnt immediately destroy billions of dollars in commercial real estate.

      Please. Will somebody think of the poor poor investors?

    • Redtitwhore@programming.dev
      1·
      1 year ago

      You may be correct but we need to think of solutions. Not just rely on conventional wisdom thats says it’s not possible by current standards

    • LrdThndr@lemmy.world
      33·
      1 year ago

      most standard office floors dont have more than two or maybe 3 restrooms

      Oh no! Too bad they don’t sell common plumbing supplies at the Home Goddamned Depot.