Bad property debt exceeds reserves at largest US banks

Re:Bad property debt exceeds reserves at largest US banks by bequanna on Tuesday February 20, 2024 @11:08AM (#39442982)

Yep. Commercial -> Residential conversion is far from easy.

I'm active in a multifamily investor group and what I am hearing is that it is damn near impossible to make this work and actually cheaper to just build new multifamily vs convert.

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Re:Bad property debt exceeds reserves at largest US banks by no_wizard on Tuesday February 20, 2024 @08:30PM (#39449199)

What if you change the narrative from "single family" home (or multi-family dwellings) to "cater to couples and/or singles that can handle needed compromises"

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Re:Bad property debt exceeds reserves at largest US banks by bequanna on Wednesday February 21, 2024 @03:38PM (#39459191)

Good luck changing building regs to suit that.

Also, it sounds like you’re proposing building adult dormitories. Is there any evidence people want that?

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Re:Bad property debt exceeds reserves at largest US banks by fundad on Saturday February 24, 2024 @10:32AM (#39492231)

Private sector isn’t positioned to accomplish this. You’re correct.

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