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.
For the millionth time it’s not that simple. Retrofitting commercial buildings is often impossible or more expensive than just demolishing and building new which is also ungodly expensive especially with how high interest rates are right now. Unless cities step in with millions of dollars per project it’s usually not financially possible.
It’s more than that though, where do you bathe in an office?
I’m not saying it can’t be done, but it’s a lot of work to redo the plumbing, electrical, install kitchens, and seal those spaces into secure private zones with natural light exposure.
What I hear is mostly water pipes. Commercial buildings have them concentrated in bathrooms and hard to split for each residence.
I know there are bathroom less really cheap places but that attract type of people which property management/urban development corps dont want so they may also be reluctant for that change.
If the problem is money then there is no problem. It becomes a necessity and you can’t just not afford necessity. We allegedly are the richest country they need to figure it out regardless of cost. That simple.
It’s like climate change, there is no issue with money it just has to get done. Pay for it regardless of the cost. It is necessary
But what if we let the children pay for it when they grow up? Yes, the cost will be several orders of magnitude more, but we don’t have to think about that now.
I live on the North end of the SF Bay Area and literally every empty lot and a shit load of pasture land and open space is currently being developed into either low income apartments, high end apartments, town houses or track homes. It’s honestly kind of shocking. Everywhere you go, new residential development.
Sonoma County supervisors were supposed to vote on a housing development plan in January, but failed to do so until August, and in the meantime there was a special rule that allowed builders to go ahead without most of the red tape they usually face. They took the opportunity and ran with it.
Actually it’s not bullshit. Most office buildings are designed with large core space where the elevators and stairs etc go. That’s not at all how apartment buildings are designed. Changing that is extremely expensive.
Say you have an average size house, with a 2-car garage on the side. You decide to change that garage into a small apartment for renting. You need to add a wall or two, add insulation, build up a kitchen area (with proper water and power) and a bathroom.
Imagine how much that would cost you for that single apartment. Now multiply that by, say, 50, to convert a large office building into 50 residential rental units. Even with economies of scale, that’s still going to cost millions…
Dude… you’re arguing that it’s better to tear down, and build from scratch then it is to retro fit. This is obvious bullshit. In your example it would be more practical to retro fit the garage then to tear it down, and build a new building. Like fuck man.
For the millionth time it’s not that simple. Retrofitting commercial buildings is often impossible or more expensive than just demolishing and building new which is also ungodly expensive especially with how high interest rates are right now. Unless cities step in with millions of dollars per project it’s usually not financially possible.
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It’s more than that though, where do you bathe in an office?
I’m not saying it can’t be done, but it’s a lot of work to redo the plumbing, electrical, install kitchens, and seal those spaces into secure private zones with natural light exposure.
deleted by creator
What I hear is mostly water pipes. Commercial buildings have them concentrated in bathrooms and hard to split for each residence.
I know there are bathroom less really cheap places but that attract type of people which property management/urban development corps dont want so they may also be reluctant for that change.
deleted by creator
If the problem is money then there is no problem. It becomes a necessity and you can’t just not afford necessity. We allegedly are the richest country they need to figure it out regardless of cost. That simple.
It’s like climate change, there is no issue with money it just has to get done. Pay for it regardless of the cost. It is necessary
But what if we let the children pay for it when they grow up? Yes, the cost will be several orders of magnitude more, but we don’t have to think about that now.
Just jubilee the debt away? Bro money is fake, who cares?
I live on the North end of the SF Bay Area and literally every empty lot and a shit load of pasture land and open space is currently being developed into either low income apartments, high end apartments, town houses or track homes. It’s honestly kind of shocking. Everywhere you go, new residential development.
Sonoma County supervisors were supposed to vote on a housing development plan in January, but failed to do so until August, and in the meantime there was a special rule that allowed builders to go ahead without most of the red tape they usually face. They took the opportunity and ran with it.
This is such bullshit. It doesn’t cost millions of dollars to add new plumbing, HVAC, and interior walls.
Actually it’s not bullshit. Most office buildings are designed with large core space where the elevators and stairs etc go. That’s not at all how apartment buildings are designed. Changing that is extremely expensive.
Say you have an average size house, with a 2-car garage on the side. You decide to change that garage into a small apartment for renting. You need to add a wall or two, add insulation, build up a kitchen area (with proper water and power) and a bathroom.
Imagine how much that would cost you for that single apartment. Now multiply that by, say, 50, to convert a large office building into 50 residential rental units. Even with economies of scale, that’s still going to cost millions…
Dude… you’re arguing that it’s better to tear down, and build from scratch then it is to retro fit. This is obvious bullshit. In your example it would be more practical to retro fit the garage then to tear it down, and build a new building. Like fuck man.
https://www.nbcnews.com/business/real-estate/why-empty-offices-aren-t-being-turned-housing-despite-lengthy-n1274810
“ In parts of the country where land is relatively cheap, it’s far less expensive to build housing from scratch than to convert old offices.”