this post was submitted on 16 Jan 2024
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But if people don't go back to the office, commercial real estate will crash, they'll convert it all into affordable housing, and my curb appeal will lose its sweet, sweet premium value.
Let's not pretend there isn't a micromanaging control issue involved in this, but the core is all about real estate.
The "they'll convert it all into affordable housing" part I wouldn't be so sure about it. 😅 Some might just abandoned it if no body wants it.
This. I work in commercial real estate and it’s kind of hard to turn into house. It’s cheaper for them to just knock it down and start over.
The issue is the electricity and plumbing. In a commercial building these tend to run up and down the middle or just one side of the building. Apartments need to equally have access to utilities so they’d had to do a ton of construction to move plumbing and wiring into the correct places.