I keep hearing that empty office buildings are an economic time bomb. I keep hearing that housing inventory is low which is why house prices are high. Why can’t we convert offices to homes?
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Who is the “we” in your question?
Private developers can and will do it when and if they think it is the best thing they can do with their capital. They will crunch all the numbers and decide on a case by case basis. They know how to figure out where they can make a profit. If cities offer to contribute funds, that will go into the calculations.
Maybe cities will want to take this on. Then it’s a matter of money and politics.
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