What To Do With All The Empty Offices In U.S. Cities

What To Do With All The Empty Offices In U.S. Cities | CNBC Marathon

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@mikefromvernon 11 ай бұрын

Makes sense to me. In parts of Vancouver B.C. we see this exact situation. First floor is retail with drug stores, grocery stores, restaurants etc. Floors 2-5 are professional offices with accountants, lawyers, doctors etc. Floors 6 and up are apartments or condos. Perfect for seniors who have mobility issues and have hung up drivers licenses. Drive your mobility scooter to the elevator to go out for coffee etc. If you're lucky your doctor is in the same building. Like mentioned the issue is retrofitting plumbing, heating etc. to fit the new use. The question for building owners is what costs more. Renovations or going without rent.

@keikofay9804 11 ай бұрын

Vancouver, BC tries and that's awesome. Dig that! I wish the U.S. would put in even half as much effort into truly mixed-use bldgs as more than a promotional piece, but really walk the walk!

@rasul407 10 ай бұрын

Are houses that cost in Vancouver also built in 1947 and are in crumbling condition that cost $2.5 Mil?

@chickentoucher55 10 ай бұрын

No one gives af you got far worse issues bunch of Nazi sympathisers

@Bruce_LeRoyy 9 ай бұрын

Terrible idea downtown is usually too noisy for seniors not to mention they're on a fix income.....

@thuptendlama6091 7 ай бұрын

Less traffic if office vacant and closed

@Kronk-rp3jf 11 ай бұрын

The guy said in real estate they dont do things out of the goodness of their hearts...dont expect bailouts from the goodness of the publics heart either.

@mikea5745 11 ай бұрын

Correct. They expect bailouts because they generously "donated" to their local politician's campaign

@emptiester 11 ай бұрын

Pfft we get a choice all of a sudden?

@Jinchuricki27 11 ай бұрын

PREACH

@mimianti-stush231 11 ай бұрын

Postman Brothers are a perfect example. Conversions to high-end luxury apartments.

@Jinchuricki27 11 ай бұрын

@@mimianti-stush231 not all people can afford high end luxury housing, people just want a place to live.

@duanebidoux6087 11 ай бұрын

In Houston, where I live, I think we have the highest office vacancy rate in the country at about 25%. There was a period where there were just cranes everywhere, even some being finished off right in the middle of a period when half the people were at home. But, suddenly, a couple of years back all these residential towers start going up, and apparently, those are selling quickly. So I think there would definitely be the demand there. People are sick of 1.5 hour commutes in heavy rain.

@masonhl2000 11 ай бұрын

Houston really needs to start building up and not out, I'm tired of driving 2 hours and still being "In Houston" when I gotta go across town.

@duanebidoux6087 11 ай бұрын

What struck me as weird about the report is not talking about Houston. It seems weird that they keep starting new residential towers when there's empty offices everywhere. And Houston in noplace on that list of cities doing it? Especially considering that when it comes to getting permits there can't be an easier place to do it. They actually have been building up a ton--just not places you can live in@@masonhl2000

@BrowncoatGofAZ 11 ай бұрын

@@masonhl2000that’s true for a Lot of cities here in the USA.

@Avantime 11 ай бұрын

The biggest problem with Houston IMO is the added expense of car parking for apartment dwellers. Houston is not a city you can navigate without a car, so even if you can walk to work, you still need the car for groceries and visiting friends and family.

@duanebidoux6087 11 ай бұрын

Well, I think everything is fixable. You probably could have enough people who work in the area who would trade 2 or 3 hours a day driving and I do believe new public and prive infrastructure projects could be supported enough to allow people to live and work within walking distance. But it would take some kind of planned public private partnership which is anathema to Texas at its core. @@Avantime

@Roshmore7 11 ай бұрын

We need to build more multi purpose modifiable buildings as we build newer ones

@TheGreatWasian_ 11 ай бұрын

Honestly yeah why aren’t more people saying this

@doujinflip 11 ай бұрын

Modular spaces are basically a warehouse. Residences have the additional challenge of the demand for external windows to at least the bedrooms if not every room, which is why commercial builds are problematic to convert given their largely artificially-lit spaces occupied only half a day during the work week.

@LM2.S54 11 ай бұрын

WE? you need to go get a loan and get it done if that is what you want.

@Sunlest 11 ай бұрын

Sounds good, but I imagine the problem is that doing so could severely hamper the efficiency of a building by being designed as modifiable for different types, lowing how good it is for another. Like for plumbing and all, an office doesn't need inner pipes going everywhere, but housing does. So you either build piping as you build the building as an office, making it useless, or end up heavily changing the building to modify anyways.

@damnitschris_ 11 ай бұрын

@@Sunlest Its hard to do modifications on commercial property especially one that would be residential too since youll be subjective to residential and commercial laws. You wont be able to shut a floor or section o the bldg for modifications. If you are able to modify a floor itll cost just as much to take all your equipment needed to whatever floor your in and thats before any work has been done. Its just wont be profitable for anyone for a building to be modifiable

@jordansmith534 9 ай бұрын

Interesting report, watching you from Toronto Canada. Fifteen to twenty years back we started converting office buildings to residential. It was a outstanding success and lives on to this day providing homes, taxes to the city and retail space on the ground level. Lets not look for the why nots and instead towards then when can I move in.

@Opalsdad 11 ай бұрын

I work in Sf , at a Junk removal company, I’ve cleaned out T -Mobile, Ultra beauty products, etc etc… my company is booming… from my perspective it’s nuts…

@bobcom8562 10 ай бұрын

¿Puedes explicarnos lo loco que es?

@danc9440 11 ай бұрын

The problem I see is that all of the office to residence conversion are rentals, versus condo ownership. There is enough (too much) rental/lease residence in major downtown cities already. Ownership brings stability and buy-in to the community, versus the "here today and gone tomorrow" folks. Developers/Investors might not like it, since there isn't the enough profit margins for their liking, but local governments and their tax incentive programs have to look out for the long term future of their cities. Just my 2 cents.....

@BrowncoatGofAZ 11 ай бұрын

On the other hand, owning an office building with no one working inside it is just a money pit for these owners. Maybe selling a floor to a homeowner wouldn’t be such a bad thing.

@Avantime 11 ай бұрын

No one likes buying apartments because they generally don't rise in value in accordance with the housing market, compared to normal suburban homes. Why? Families start to want space when they have children. The valuation being detached from the general housing market makes mortgage lenders jitterish in terms of giving mortgages to apartment buyers, further hurting demand. So people who buy them are typically investors who rent these units out for an income stream - the lenders like this arrangement better. And then there's the upkeep costs of a high-rise, which could sting owners with huge bills, often for stuff they don't want (e.g. communal gym, pool). Also unlike a house which could in theory last for more than a century, a high-rise may not survive that long especially if upkeep isn't done properly - an apartment isn't something that you can pass on to your grandchildren. Office towers are especially expensive both because of the ultra prime real estate (so building owners don't want to sell up for cheap, which makes those converted apartments unaffordable for those investors and tenants) and they're built according to the desires of well-heeled corporations, and so they're very expensive to maintain. I mean how many apartments have floor-to-ceiling windows? Just think of the heating costs.

@Avantime 11 ай бұрын

@@BrowncoatGofAZ It's not a money pit if it's tax deductible. Some foreign investor syndicates use it to park their wealth in the US as part of a diversified investment portfolio, as commercial real estate carries much more risk compared to just buying a suburban home.

@BrowncoatGofAZ 11 ай бұрын

@@Avantime sounds more like corrupt businessmen storing their money in Swiss bank accounts.

@mentertainment5063 11 ай бұрын

Tell people they need to change the American culture of making profits, to actually creating affordable homes so people can live not on the streets. People over profits.Take Japanese culture and living for example.

@courtneyhazelton5563 11 ай бұрын

So we can't really "afford" to build affordable housing in vacant office space because contractors can't make enough profit off of low cost housing and cities "need" higher end housing to keep the tax base up (regardless of whatever reason they give, it's the tax revenue). 1) If it can be built, it can be built at less cost. THAT is nothing more than a management and engineering problem 2) Don't tell me fees, regulations and taxes can't be addressed in a manner appropriate to accommodate low cost housing conversions if you're the City Government

@SonyDjuana 11 ай бұрын

In Korea, they started doing what they call office-tel, multipurpose office-hotel (or residential) in the late 80's until now.

@Sweethands4 11 ай бұрын

Yes that's called "concentration camp".

@2MinuteHockey 11 ай бұрын

@@Sweethands4 not German style those had central showers

@PhatAssObese 10 ай бұрын

just as expensive and hard to save for a house out there too

@toolwithintention 10 ай бұрын

I love Korea

@Jinchuricki27 11 ай бұрын

All I am hearing is the profit motive is far more important than helping people with the basic necessity of shelter.

@dabda8510 11 ай бұрын

I mean what do we expect???

@jonsmith7659 11 ай бұрын

This is America. The entire point of existence is to turn a profit. Human beings are at best, an extremely distant second.

@ryantetreault3447 11 ай бұрын

I can't believe you aren't paying the rent for a stranger out of the goodness of your heart

@rubiconnn 11 ай бұрын

That and upper class snobs being so disconnected with reality. "There won't be enough windows with natural light. People will never want to live in these apartments". It's like the wealthy get off on watching the lower class suffer.

@Dave05J 11 ай бұрын

Private companies will always look for profit! Just put yourself in their shoes

@calvinliu8167 11 ай бұрын

Some of them can probably be converted to dorms or retail or gyms where only 1 big bathroom is needed

@vicepresidentmikepence889 11 ай бұрын

We can put a man on the moon, but we can't add plumbing to a building??

@poleonpoleon706 11 ай бұрын

😂 I think they can but it's so costly that they might just as well rebuild . That's what I heard elsewhere

@jardelnunes6363 11 ай бұрын

It's all about how much it costs. But of course we can

@BlazerManiacNumber96 11 ай бұрын

Was that really your main takeaway from this?

@mamascookin 11 ай бұрын

Exactly the US has "The Best" engineers and creative designers but we can't reverse engineer these things into something else 😂 what an absolute joke

@benjamindover4337 11 ай бұрын

London Breed said she will be bringing solution to the legislators, which she knows they won't be open to. So she is saying she has no expectation of any potential of suceess, but she's doing it anyway. That tells you everything about why this won't be solved.

@Cyrus992 11 ай бұрын

Housing scarcity especially in San Francisco Bay Area are largely due to difficulties building upward and outward. Hold the policymakers accountable

@NGCS-ej4lz 11 ай бұрын

"upward and outward" Oh yes, like China or Hong Kong, how exciting, sky high buildings and nothing else till the sea meets the sky.

@Szcza04 11 ай бұрын

@@NGCS-ej4lzhow else will you house people in limited space you dunce

@nraketh 11 ай бұрын

All you have to do in San Francisco is drive,over the hill and see stretches of endless single family houses and you’ll see why they have a housing shortage.

@FordDraper 11 ай бұрын

It isn't just lawmakers unfortunately, the people of of San Francisco, mostly people who have owned homes there since the 60's voted against buildings being able to go above a certain point.

@dandydoodigery9854 11 ай бұрын

@@FordDraper100%, you nailed it. Locals that have owned their homes for over 20 years are trying to protect their home values by voting people in that pass laws that don’t allow for building over 3 stories

@jaykrown 11 ай бұрын

It's a serious shame they lacked the foresight to make office buildings easily convertible to residential when they initially built them. The idea that we'd have workers crammed into pointless cubicles for years to come was a mistake while the internet was becoming rapidly adopted. All we needed was a global pandemic to show us how pointless commuting was for a large portion of workers. Late stage capitalism will keep the heaviest burden on the working class, the land owners don't want more affordable housing.

@Incomeking-v4s 11 ай бұрын

Easy for you to say. But regulations and profits margins tell otherwise

@efonwang 11 ай бұрын

Probably a lot more expensive to build to be compatible for both types

@doujinflip 11 ай бұрын

Commercial requirements and residential ones are considerably different. 24-hour occupation, external windows, and individual bathrooms per tenant are demands that offices don't have to deal with.

@mirandasmith6856 11 ай бұрын

Lol you say as if you’ve physically built the alternative yourself. It is a shame, why not go show them how to fix it?

@ThuhOthers 11 ай бұрын

This is a lot easier said than done, and many office buildings are constrained by their footprint

@dantheman909 11 ай бұрын

The truth is that office space goes for a premium compared to residential. The sqft rate is probably 2x higher on office space. But if there is no one there to rent the office space, then you get nothing at all...

@acw7120 11 ай бұрын

Why are they all empty then?

@evalangley3985 11 ай бұрын

Some government officials are thinking about doing the same in Canada with the whole work from home situation. Many public servant can do 99% of their job remotely anyway.

@F40-c4i 11 ай бұрын

Those gov officials know nothing about buildings. Not a cheap fix, so not profitable enough for developers. Getting those up to code for apartments costs more than people think. It would take gov/tax payer investment. Ottawa specifically has so many empty gov buildings it’s crazy.

@Mikeeey0 11 ай бұрын

@@geocam2As mentioned in the video, Calgary is converting 6 million sq feet of office space to residential. It’s very much possible and I know this because the office building next to my apartment was a conversion finished back in 2019 and they completely rented the building out in under a month.

@duolingosession 11 ай бұрын

Bitter pills; those public servant can be replaced by AI anytime soon

@shaheryarkhan7131 11 ай бұрын

@@duolingosessionnot possible bro

@marshallmcluhan33 11 ай бұрын

It's about bailing out the failed commercial real estate market. These units will be garbage but governments are offering cash incentives to do it.

@TJMartinek 11 ай бұрын

Everysingle person said how it's impossible or difficult to convert offices to apartments and literally every single issue they listed is solvable, many of them a problem that's only a legal problem.

@Ryan-093 11 ай бұрын

we need mass zoning reform all across north America. #1 is we should abolish mandatory parking minimums. requiring a minimum amount of parking increases costs for the developer and makes density more difficult. it's a lot easier to build an apartment tower if you don't need to spend tens of millions also building an underground parking garage in order to hit the minimum required parking spaces. this also encourages more walking and bicycling riding. and if developers want to include parking they can build a much smaller number of spaces then just rent those to the people who do want them. parking minimums make low-cost developments a non-starter.

@Ryan-093 11 ай бұрын

@geocam2 bollocks, as a office building it contains significantly more persons than as an apartment building.

@doujinflip 11 ай бұрын

Not continuously though, only for half a day during the work week. Residential builds are even more demanding on life support because regular people (who are not security and facilities professionals) occupy the building at all times.

@irondragonmaiden 11 ай бұрын

It's an economic problem. All of those construction workers, engineers, architects, plumbers, electricians, etc aren't going to work for free or for peanuts.

@EvilMonkey7818 11 ай бұрын

Of course it can and has been done a little. As they lay out it's simply going to cost a fortune, so rents will be high, as much as luxury apartments in the same areas.

@Greyyyjohnson 11 ай бұрын

Now everyone would be forced to look into getting a work from home because we can’t stay unemployed forever

@Lucas_Antar 11 ай бұрын

If the office is empty then no one works there already. It would do nothing but open up homes.

@keikofay9804 11 ай бұрын

@@Runco990 In your view, what do you perceive as "soon"? 5-10 years, 10-20?

@rasul407 10 ай бұрын

You are better off unless it’s a newly built apartment building, most of these houses look pretty old and disgusting! “Historic” “Victorian” yeah give me a break..

@SarahGoss-k1n 11 ай бұрын

You could adopt China’s model for the homeless and use some to create internet/cyber apartments/pods that the homeless people who make a wage but can’t afford housing can rent for overnight housing. This provides a place for the impoverished while working forward a livable wage. Taking a couple of building and dedicating it to this initiative to cure homelessness for those who have a working wage but not a livable wage. You wouldn’t have to convert to individual plumbing the units would have shared bathrooms like a dormitory set-up etc. This ideal is worth discussing and mapping out pros and cons relative to the population of interest and the social and economical impact.

@greenmachine5600 11 ай бұрын

Upvote

@AllrightIsee 9 ай бұрын

This is inhumane. Practically company towns... What's next? Slavery? Cure homeless addicts and mentally ill, don't warehouse them. Dont invite mass immigration we cannot support.

@unconventionalideas5683 9 ай бұрын

China's model for the homeless is hiding that they exist, not actually providing housing.

@user-cd3ys6yq9r 11 ай бұрын

Why not use them for hospitals,schools,universities and even warehouses for precious metals and expensive jewellery,banks can use them for lockers.

@user-cd3ys6yq9r 11 ай бұрын

Just saying.Why not explore.

@portcybertryx222 11 ай бұрын

In NyC they actually did this with artist studios, schools and warehouses in the early 2000s. But it requires tearing down multiple floors inside office spaces together the appropriate ceiling height. In other cities companies like extra storage have been using vacant complexes to provide storage solutions to people.

@mohammedsarker5756 11 ай бұрын

because the housing shortage is the most acute one that's why

@randeknight 11 ай бұрын

Regulations. There's all sorts of regulations required for school buildings to the point that only a dedicated build just for schools can fulfill them. It's almost as bad for the conversion from office to residential. Without regulation change, it's often literally cheaper to demolish and rebuild than to convert.

@mikea5745 11 ай бұрын

We already have enough of those things. Why would we want to use our most valuable downtown real estate for bank lockers?

@Yyhhtt99009 11 ай бұрын

I’m glad I still have my side hustles going on because a lot of people are getting laid off either for AI or some other reasons , it’s like the government forgets we also need to live

@pranker199171 11 ай бұрын

⁠it is absolutely the governments job, a business has the sole focus of being as profitable as possible. A governments job is to step in and make changes for the better of society.

@meb5205 11 ай бұрын

So why don't you help them remember then like the rest of the world does outside of the Anglosphere?

@ehwick8175 11 ай бұрын

@@braticuss un-fortunately it is.

@richb2229 11 ай бұрын

@@pranker199171where did you learn this? Socialism 101? In a free society it’s the individual’s responsibility to provide for themselves.

@richb2229 11 ай бұрын

I have been laid off and it wasn’t the governments fault or responsibility. It is the individuals responsibility to provide for themselves. However, it seems like you understand this at least some, because you have a side hustle! And I would bet that you wouldn’t be out of work for long given that!

@hackmattr 11 ай бұрын

It's mentioned at the end of the video that you can't make apartments for most of the buildings, but you could use the space as entertainment or hotel spaces........ If you can convert it to a hotel, you could also make it into an apartment.

@duolingosession 11 ай бұрын

If wfh would be the new normal culture, chances are people would also spend less staying out the night. Unless that building is located in tourism spot (turn it into tourist hotel) or higher the best designer to turn it into boutique hotel (to be able to compete with big hotel). Best still cafe/resto/ community places

@serebii666 11 ай бұрын

Hotel spaces is not hotel rooms. Hotels have large restaurants and convention spaces, service, laundry and circulation spaces. Not to mention, even hotel rooms are not apartments. They lack kitchens, storage, individual A/C control, ventilation, not to mention the fact that all the units would necessarily need to be small studios on the perimeter wall, which still does not solve the issue of the large internal dark space.

@duolingosession 11 ай бұрын

@@serebii666 sounds cliche but cafe/resto/community spaces maybe?

@serebii666 11 ай бұрын

@@duolingosession the issue with skyscrapers is their vertical distribution of services. This puts community spaces and cafes at a serious disadvantage due to accessibility and interaction. That is by these types of spaces are almost always on the ground floor, at street level - so patrons and passerby can people-watch, and have that level of social interaction. And while there are penthouse level restaurants - that is their entire gimmick, views of the city. That makes stacking restaurants on top of each other, let alone at lower floors a diminishing return since only one will actually have the desirable views and all the others will just be less accessible.

@duolingosession 11 ай бұрын

@@serebii666 art spaces with skycraper view? Idk. Must be a way

@Madvizion 11 ай бұрын

I see in the future turning most office buildings converted to living situations becoming the new "projects" like in the past. The past is always a guide to the future. Unfortunately humans don't learn from their mistakes.

@virginiamoss7045 11 ай бұрын

The major difference between office space and residential space is the need for humans to sleep. The safety provisions for sleeping people inside buildings or any structure are vastly different than for fully awake people. All sleeping rooms must have immediate access to the outside, generally through a window if not a door so bedrooms must be located on the exterior walls of the structure. Office space can be just the opposite and often is, so the core building is designed differently, running power, plumbing, etc. up through the interior of the building with little access out from there to the rest of each floor. Residential space needs plumbing throughout and fire codes to accommodate stoves and ovens.

@marblox9300 8 ай бұрын

Sleeping is a waste of time. Look at all the work that can be done that is wasted by 8 hours of sleep. Humans need to adjust.

@virginiamoss7045 8 ай бұрын

@@marblox9300 Human beings are far and away the most adaptable creature on this planet. Sleep is a necessity for all animals; major brain stuff is happening there that affects all organ systems. No sleep at all and you die. Chronic lack of necessary sleep will shorten your life and reduce your productivity and happiness. All the brain research in the last 20 years has discovered how critical sleep is. Go read about it, comprehend it, and sleep well. You might experience an attitude adjustment.

@andrewc1321 11 ай бұрын

I work for a big tech company in a tier 2 city. No one is coming into the office despite the demands from management. Eventually management will give up their office leases. Commercial vacancies will increase soon.

@zachlafond2652 11 ай бұрын

Where my wife works its like 99% remote. I've heard nothing of them returning to office. I doubt it will happen ever.

@IsaacHozz 10 ай бұрын

Power to the workers of the world.

@BradKwfc 11 ай бұрын

No worries guys. The developers and investors will convert those to the smallest acceptable apartments with the highest rents possible. Thank you to our financial overlords!

@BradKwfc 11 ай бұрын

@theodoreolson8529 Okay Blanch.

@theroldan8013 11 ай бұрын

they are soo mercyful.....................................................

@backcountry164 11 ай бұрын

If they're acceptable, what exactly is your problem??

@ThePeterDislikeShow 11 ай бұрын

My boss asked me to return to the office, so I literally did --- to live and sleep as well. I'm not waiting for the conversion.

@toolwithintention 10 ай бұрын

I fired my boss instead of going back to office

@lilfrank1114 11 ай бұрын

Change building code, zoning code, do dormitories to office building, so people share central restroom and shower.... more interactive space share space

@Sweethands4 11 ай бұрын

What a surprise: those in authority or a position to decide what happens regarding the populace refuse to sacrifice anything.

@L.h314 9 ай бұрын

Bringing people in office buildings will be a tragedy. Many of them are not up to the code for living as in a house.

@pianobench6319 11 ай бұрын

23:13 that is wrong. The cost of construction is vastly lower then the market sets for the price of the office or apartment complex. The market dictates the rent and the final price in the sale of the unit. If we sold office or houses for what they actually cost to build, the real estate and big developers would not be in this business. Placing the blame on the vast majority of the labor that ... yes you have to do work to build the thing ... but the real estate and developers do relatively far less work with far higher hourly rates in order for them to "make their money"

@danrussell_official 11 ай бұрын

2020, The first year the pandemic happened - I was thinking the same exact thing. Ain’t no one returning to the office long term. The choice seems clear: either see your downtowns turn into skid rows with abandoned office buildings, or convert/replace those buildings with residential and shopping

@Bigbacon 11 ай бұрын

All they will end up with is over priced apartments that no one can afford.

@jaimeperales7219 11 ай бұрын

3:47.....Did she just say it's silly to have a bathroom in every apartment...wtf lol

@Triring65 11 ай бұрын

Just re-zone and create a new mixed zone are like in Japan. Even in middle of Tokyo a single house stands next to a office building. The benefit is you can develop a shopping, residencial, transit station and commercial office in the same walking distance.

@cmk353 11 ай бұрын

We a highly regressive vacant underutilized property tax to encourage landlords to convert to housing

@scrafya8190 10 ай бұрын

Its so funny how these buildings are not available for "home repurposing" but they ask people to spend most of our their lives there. Such a sad system.

@dashdash_peacecampaign 11 ай бұрын

The conversion difficulty highlights the ease of building offices space and packing in workers with little regards to people's wellbeing. Apartments need lights and a lot more plumbing, electrical work, and walls and nice fixtures. Office spaces are full of open space and little cubicles and long walks to amenities such as bathrooms, break rooms, and outdoor spaces. I haven't even mention adding politics of adding amenities adding hospitals and schools. Because offices ignore debates of how good the schools are, which can get heating in local politics, too many developers simply prefer constructing offices because it is too easy. Residentials are just that much harder to create. It is much simpler for politicians and interest group to announce new companies moving in to new office space, while families debate about school capacities and rent prices.

@kiwifruitkl 11 ай бұрын

It is possible to just live in the window offices and cubicles. The window offices will be rented out per room, and they are higher in cost because they have windows and natural lighting. The cubicles will be much cheaper per unit, selling for just a few cents or a few bucks. There will be 3 bathrooms: men's room, women's room, family room. Break room will be converted into a cafeteria where people can get food and eat inside or outside. Outdoor spaces will be shared.

@12FLASH22 11 ай бұрын

kzbin.infoYgoZ5fVzC5s?si=I_3RQvMu4cnoY9oA

@yegfreethinker 11 ай бұрын

@@kiwifruitklyou're joking i hope

@breon31774 11 ай бұрын

Nothing in this Video Says Anything about Crime or The Open-Air Drug Markets on the Streets People Being Attacked on the Streets in front of their Homes & Business Closing Down Do to Shoplifting. First thing is to, Fix the Crime Issue in the City So People want to Go their 1st.

@jeremypearson6852 11 ай бұрын

I love the way the mayor of SF talks like it’s such any easy transition. It doesn’t help their homeless issue and many people who can afford it probably don’t want to live downtown. These conversions are not affordable for the average person.

@cykablyat1466 11 ай бұрын

We kind of don't even know who's It's for. It's for a specific group of folks who want to pay a huge price to live and work downtown in rent & taxes vs just going remote or working elsewhere.

@Krobra91 11 ай бұрын

it is easy. like she said many politicians refuse to do it because they are in the pockets of big corps. Not only that but many offices buildings Pre 1960-1970 are convertible to housing, that was a building requirement. but big business came in and removed that with the help the politicians in their pockets, which is why now any building built post 1960-1970 are expensive and essentially tear downs and rebuilds, making it more expensive. 1) Government should help pay for the conversions so developers are able to offer more affordable housing. The only stipulation i would add is that the affordable housing should be perm. right now many new places with certain affordable housing units are temp for a decade or two. If govt pays for 60-70% of the conversions, that would still allow for enough affordable housing and regular rental/purchasable properties for developers to make money. 2) yes, theres no place left to built in SF meaning certain areas that are single housing and underutilized should be converted to taller buildings that are earthquake proof. Ease the restrictions for developers, impose comment #1 and you have a market that is approachable to developers. 3) Change the laws to make future office buildings and reimpose the laws that they need to be built with the possibility of being converted to future housing. This way if office buildings are vacant, you make it easier for developers to turn a profit and help continue building more homes 4) also work with other bay area cities and begin the same kind of conversion. Start spreading out major tech companies, biotech companies and redistribute the traffic flow, money flow so the entire sf bay area gets to enjoy the markets instead of just SF or silicon valley. plenty of easy things, its only hard because the existing politicians make it hard.

@marblox9300 8 ай бұрын

It's the Great Capitalist End Game that is working so well.

@hyperion39 11 ай бұрын

most office buildings are in downtown. If you convert them into apartment then most tenants will not be able to afford rent. If you convert them into flats then they will be more expensive than single family or multifamily houses. Taxes will be more.