Re:Bad property debt exceeds reserves at largest US banks
by smileysteve on Tuesday February 20, 2024 @09:34AM
(#39441805)
Nah, easiest is changing the definition of "residential" from family to individual - the sector that the US lost in the 70s now known as long term hotels.
When you change this definition to
- communal kitchen
- communal bathrooms
- no window access
You solve many issues
- college costs (by bringing back dormitories instead of every college kid having an apartment)
- housing costs for early 20s that don't want to manage a whole apartment (and Uber eats 90% of meals)
- a small degree of homeless that are similar to the category above (especially the temporary homeless)
- baby boomer (now early gen x) "retirement" not quite to assisted living (yes, this group don't always need a private bathroom and kitchenette - when they have central dining halls)
When you change this definition to
- communal kitchen
- communal bathrooms
- no window access
You solve many issues
- college costs (by bringing back dormitories instead of every college kid having an apartment)
- housing costs for early 20s that don't want to manage a whole apartment (and Uber eats 90% of meals)
- a small degree of homeless that are similar to the category above (especially the temporary homeless)
- baby boomer (now early gen x) "retirement" not quite to assisted living (yes, this group don't always need a private bathroom and kitchenette - when they have central dining halls)