I’m probably being too simplistic here as usual, but the solution seems to be in plain sight: falling office occupancy? Lack of affordable housing? 🤔 Of course landlords are probably still waiting to see if businesses come back before they have to spend a dime on rennovations. I might suggest government incentive$ to landlords, except that I suspect this would be a giveaway to people who are already quite wealthy.
Literally nothing should benefit land owners pretty much ever, it’s an extremely parasitic part of society to be owning a lot of land. Anyone who can afford to own the space for a skyscraper or other large office building should not be given any extra money. The issue is with foot traffic being down so local businesses which crop up around office buildings and complexes are going to suffer. There probably isn’t much that can be done about this, however, and it’s just going to result in a redistribution of where businesses like this are (closer to homes rather than office centers).
With regards to affordable housing, they just need to be more aggressive with pushing money to be used on affordable housing. The market is going to respond to incentives - if they can make more money in the long term creating less total housing that’s more boutique or upscale, they’re gonna simply do that. You have to provide incentives to create cheaper housing.
I’m probably being too simplistic here as usual, but the solution seems to be in plain sight: falling office occupancy? Lack of affordable housing? 🤔 Of course landlords are probably still waiting to see if businesses come back before they have to spend a dime on rennovations. I might suggest government incentive$ to landlords, except that I suspect this would be a giveaway to people who are already quite wealthy.
Literally nothing should benefit land owners pretty much ever, it’s an extremely parasitic part of society to be owning a lot of land. Anyone who can afford to own the space for a skyscraper or other large office building should not be given any extra money. The issue is with foot traffic being down so local businesses which crop up around office buildings and complexes are going to suffer. There probably isn’t much that can be done about this, however, and it’s just going to result in a redistribution of where businesses like this are (closer to homes rather than office centers).
With regards to affordable housing, they just need to be more aggressive with pushing money to be used on affordable housing. The market is going to respond to incentives - if they can make more money in the long term creating less total housing that’s more boutique or upscale, they’re gonna simply do that. You have to provide incentives to create cheaper housing.