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.
Unfortunately, in most cities that is illegal. Zoning laws prevent turning commercial property into residential even when it is possible. It also prevents developers from building moderate, high, and even certain types of low density housing.
Be careful what you wish for. Houston is notorious for abolishing its zoning laws, which means that residential and commercial properties are haphazardly scattered rather than concentrated into distinct areas.
People never know when a CVS will pop up next door to their home. Now you know why they form HOAs.
Unfortunately, in most cities that is illegal. Zoning laws prevent turning commercial property into residential even when it is possible. It also prevents developers from building moderate, high, and even certain types of low density housing.
In most US cities. Hmm, I wonder if we can spot a solution…
Oops, thanks
Be careful what you wish for. Houston is notorious for abolishing its zoning laws, which means that residential and commercial properties are haphazardly scattered rather than concentrated into distinct areas.
People never know when a CVS will pop up next door to their home. Now you know why they form HOAs.