I heard that the cost of turning these buildings into housing isn’t as bad as people say. They just can’t get as much money in rent per square foot is all.
Remote work could cut the value of office buildings by $800 billion by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
- Thread starter bnew
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Maybe take some of that energy developing bullshyt AI tech no one wants and putting into how to convert commercial buildings into residential.
But its not as easy as it sounds for anything built after 1970-ish. Commercial real estate makes a ton of money for cities. So if all that dries up then you're in a situation where the buck gets passed to single-family home owners in the form of city taxes. Which people DO NOT want.
It's imperative municipalities figure this out. Residential is the only option.
But its not as easy as it sounds for anything built after 1970-ish. Commercial real estate makes a ton of money for cities. So if all that dries up then you're in a situation where the buck gets passed to single-family home owners in the form of city taxes. Which people DO NOT want.
It's imperative municipalities figure this out. Residential is the only option.
Batsute
The Lion Choker
Fixed that for you breh, land lords are a symptom not the disease.
Nepotism, those foggies’ b*stards have vested interests to maintain the status quo. It’s vicious circle.
Question for the WFH folks here:
Have you been eating healthier than when you were in-office?
Have you been eating healthier than when you were in-office?
Well stuff those buildings with people that need homes, small businesses, and educational purposes 
Simple as pie, but of course this country and slave driving employers hate the fact that they can't crack the whip in person
Simple as pie, but of course this country and slave driving employers hate the fact that they can't crack the whip in person
WaveWhisperer
Stainless Steel
They can fukk off. All those profit years since covid , they can take some of that and convert these buildings to apartments. Id love to live in the city when my lease is up
Well stuff those buildings with people that need homes, small businesses, and educational purposes
Simple as pie, but of course this country and slave driving employers hate the fact that they can't crack the whip in person
Can't speak on SF, but this is happening in a few projects in DC.
CodeKansas
Superstar
fukk San Francisco. Well deserved.
It's expensive. The way you run plumbing, electrical and ventilation is totally different for offices than it is for apartments. In older buildings, they kinda built shyt all the same and it didn't have HVACs so it's much easier to install all that stuff after the fact. But in modern buildings your gotta either tear all that out or add so much more to it that the cost goes through the roof.
But in places like San Fran they may not have a choice.
I haven't been WFH in 2 years since I got my current position, but it was a yes for me. Being able to start a meeting AND a meal at the same time was a damn blessing. There was zero reason to eat out (save for the occasional Harold's chicken run) and not having to drive also meant I just got more food. I was eating 3 lean pork chops a day or cooking 4 chicken thighs when they were 12 for $4(those days are long fukking gone). Even eating Salmon every day. Bruh I miss the vegetable soups and pho I would cook up cause I just always had the time to do it.
Batsute
The Lion Choker
I have well back to it, it’s impossible to eat healthy at work cause everybody always want ramen or happy hour.
At home I can just bust out my prepped meals and keep count. Can’t do that with tonkotsu. is broth counted in calories, how many calories are in this pork belly?
MegaTronBomb!
Power is in my hair nikka
At the same time, would you move into a building knowing that the developers are likely to default on the loans they took out....just cause it's affordable?
