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Joe Biden wants more people to start living in empty offices
(www.businessinsider.com)
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The reason for high cost of living in cities was that's where the offices were...
Now we don't need offices. So convert them to apartments to lower housing costs in the short term, and telework means people won't move to cities as much in the long term.
This is actually a good idea...
Developers will do this anyway if the offices are empty, why not use that money for a government program to guarantee down payments of first time home buyers?
The developers are doing fine, it's the average American that's struggling, stop funneling money to the people who already have a shit ton of it, trickle down doesn't fucking work
Agreed. This is a good idea overall, but the implementation smells like a bailout of commercial real estate developers to me.