The corporate real estate market is going to tank, people are going to turn their empty office building caused by everyone working from home into apartments, and rental prices are going to crash because of how desperate the corps are to bring in any money. Once rental market tanks, housing market tanks, and all those massive investment firms buying up neighborhoods are going to see their investment shrink like a cold Wang doodle. Expect crying ceo’s and a massive government bailout in the next 4-7 yes for this exact scenario.
I know turning office buildings into apartments seems like a fantastic idea on the surface but there are a LOT of reasons this doesnt work, ranging from fire code issues, utility service locations and access and HVAC design. Sorry.
The corporate real estate market is going to tank, people are going to turn their empty office building caused by everyone working from home into apartments, and rental prices are going to crash because of how desperate the corps are to bring in any money. Once rental market tanks, housing market tanks, and all those massive investment firms buying up neighborhoods are going to see their investment shrink like a cold Wang doodle. Expect crying ceo’s and a massive government bailout in the next 4-7 yes for this exact scenario.
I know turning office buildings into apartments seems like a fantastic idea on the surface but there are a LOT of reasons this doesnt work, ranging from fire code issues, utility service locations and access and HVAC design. Sorry.
How is that good? Rich people will get away with it and we will pay the price.