The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
Dude… you're arguing that it's better to tear down, and build from scratch then it is to retro fit. This is obvious bullshit. In your example it would be more practical to retro fit the garage then to tear it down, and build a new building. Like fuck man.
Dude… you're arguing that it's better to tear down, and build from scratch then it is to retro fit. This is obvious bullshit. In your example it would be more practical to retro fit the garage then to tear it down, and build a new building. Like fuck man.
https://www.nbcnews.com/business/real-estate/why-empty-offices-aren-t-being-turned-housing-despite-lengthy-n1274810
“ In parts of the country where land is relatively cheap, it's far less expensive to build housing from scratch than to convert old offices.”