Re:San Francisco braces for commercial real estate crash
by Longlius on Tuesday September 06, 2022 @02:11PM
(#32740853)
Then put restrictions on it - pass a law that allows you to convert commercial to residential during X number of years and for that converted commercial to have slightly laxer requirements than standard residential housing. Don't allow new residential construction to skirt the regulations and put a time limit on the law to keep property developers from simply building commercial with the off-chance of being able to convert it to residential if the market for commercial real estate doesn't rebound.
Re:San Francisco braces for commercial real estate crash
by acchow on Tuesday September 06, 2022 @05:51PM
(#32743687)
If only making laws was as simple as adding if statements in computer programs...
In the real world, you have millions of agents try to game every law and bend it into their advantage in some way.
Re:San Francisco braces for commercial real estate crash
by JumpCrisscross on Tuesday September 06, 2022 @02:21PM
(#32741017)
> You make this legal and tomorrow every RE developer stops putting in windows
This sounds like new housing supply. I'm failing to see the problem. Developers still have to sell the apartment, after all.
Re:San Francisco braces for commercial real estate crash
by sangnoir on Tuesday September 06, 2022 @05:23PM
(#32743382)
>This sounds like new housing supply. I'm failing to see the problem
The problem is the new housing supply was always imminent - only now, it's windowless, all because developers can increase margins by 1.07% and shorten build times by a day.
Re:San Francisco braces for commercial real estate crash
by colinmhayes on Tuesday September 06, 2022 @02:27PM
(#32741096)
Except people will pay extra for windows...
You make this legal and tomorrow every RE developer stops putting in windows.