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@return2ozma@lemmy.world to News@lemmy.world • 2 years ago

Downtowns are dead, dying or on life support, says expert with over 50 years of researching urban policy

fortune.com

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Downtowns are dead, dying or on life support, says expert with over 50 years of researching urban policy

fortune.com

@return2ozma@lemmy.world to News@lemmy.world • 2 years ago
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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.
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        • @Gabu@lemmy.world
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          Because most non-US cultures didn’t decide to build their cities in the stupidest way possible.

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            • @Gabu@lemmy.world
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              Brazil is as young as the US and, despite interference from the former, still managed just fine to build walkable cities. Japan too.

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        • @SmoothIsFast@citizensgaming.com
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          America is supposed to be a melting pot of different cultures, I think we can make it work and I’m sure those who are unhoused would much rather be able to live in a communal space with a roof and shower than nothing. Fuck corporate real estate profits and let the people live ffs

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    • @Grandwolf319@sh.itjust.works
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      I’ll take an entire floor for the cost of one bachelor unit.

      If you think that’s not fair to the building owner, I agree, they made a bad investment.

      • @Cryophilia@lemmy.world
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        That’s what I’m saying, convert them to ridiculously high end massive floor plan condos, we don’t need whole buildings of studios and 1br

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      This might come as a shock to you but, human dignity doesn’t give a fuck about commercial real state value. Because commercial real estate owners don’t give a fuck about human dignity. So reciprocating the same level of care is fine for most.

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        • @dustyData@lemmy.world
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          You’re a bad person. I’m glad that you recognize that. It puts my moral judgment at ease to know that you’re perfectly aware that you are a bad person.

    • @Potatos_are_not_friends@lemmy.world
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      if only there was a solution that wouldnt immediately destroy billions of dollars in commercial real estate.

      Please. Will somebody think of the poor poor investors?

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    • @Redtitwhore@programming.dev
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      You may be correct but we need to think of solutions. Not just rely on conventional wisdom thats says it’s not possible by current standards

    • @LrdThndr@lemmy.world
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      most standard office floors dont have more than two or maybe 3 restrooms

      Oh no! Too bad they don’t sell common plumbing supplies at the Home Goddamned Depot.

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