Suburban Office Parks Increasingly Obsolete; Businesses Choose Walkable Areas

Re:Suburban Office Parks Increasingly Obsolete; Businesses C... by nitrogen on Monday December 21, 2015 @10:11PM (#10775558)

Is there a summary argument that also takes into account the wealth transfer from poor tenants to rich landlords that is created by making everybody rent instead of buy? If interest and tax writeoffs are a ~$140bil/yr subsidy, are there economic or social benefits greater than $140bil/yr that make it worth it?

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Re:Suburban Office Parks Increasingly Obsolete; Businesses C... by arebop on Monday December 21, 2015 @10:47PM (#10775690)

If landlords are making huge profits off people who are renting in the cities rather than buying in the suburbs, then those tenants have an arbitrage opportunity to buy condos or coops.

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Re:Suburban Office Parks Increasingly Obsolete; Businesses C... by nitrogen on Tuesday December 22, 2015 @12:02AM (#10775930)

You have to have capital or someone who trusts you with capital to buy large things, though, which is exactly what the previously vilified federal subsidies provide.

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