this post was submitted on 25 Jun 2023
100 points (100.0% liked)

News

7 readers
7 users here now

Breaking news and current events worldwide.

founded 1 year ago
 

The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

you are viewing a single comment's thread
view the rest of the comments
[–] kestrel7@kbin.social 17 points 1 year ago

Some countries have actually legalized squatting in certain situations (like if a building is long term empty) to put some fire under the landlord’s ass to either find a paying tenant or sell. And honestly I think it’s an inelegant but effective solution.

It’s not productive to have real estate units sitting empty in the middle of the city and we simply shouldn’t allow it.