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.
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.
Can’t help but think that’s our future. Cubicles can make a semi-private space when faced with sleeping in the local park as an alternative. It sounds pretty simple to me.
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.
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.
That sounds like a “them” problem.
They can watch their investments dry up and lose billions, or pivot to the new market. Not our fault they’re stuck in the 80s.
Can’t help but think that’s our future. Cubicles can make a semi-private space when faced with sleeping in the local park as an alternative. It sounds pretty simple to me.