• 16 Posts
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Joined 1 year ago
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Cake day: June 14th, 2023

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  • But there are too many people with huge sums of money invested to allow a cataclysmic event to happen, and for swathes of cities to become ghost towns. […] vacated commercial buildings are set to be updated, transforming areas formerly packed with office workers during workweeks, and nearly deserted over weekends, into “hybrid destinations” filled with greater green spaces, pedestrianised areas and leisure options that keep a more consistent weekly footfall. […] Developers might be forced to the cliff edge to be creative, but they have around five years to prepare, mobilise and get ready for the future that’s coming.

    Lol, this guy imagining that they’re going to spend their time accepting massive losses and making plans to convert their buildings, instead of spending massive amounts of time and money re-writing laws and codes so they don’t get stuck with the losses.

    I mean, I could see what he’s saying if this was one city, or some percentage of cities. But this is every city, plus half the suburbs, all at the same time, all trying to offset the same trillions of dollars of losses.


  • From what I understand, you can convert a lot of buildings that were built before the middle of the century; it’s the massive onees that are the issue. Older buildings were designed to let in light and air from the outside. If you break them into apartments, you can get something that’s a reasonable size with windows.

    But if you try to convert one of those massive square skyscrapers, you run into issues. You could break each floor into a set of massive apartments, but there aren’t enough people who can afford them. You can make really long, thin apartments with windows at one end, but most people don’t want to live in something that’s 10-15 feet wide, a third of a city block long, with windows at one end. Or you can put the apartments around the edges and then do something with the center space; say, put tenant storage space every 3 floors, a gym every 8 floors, a play area every 5 floors, etc. But that raises the cost of the apartments and incurs monthly fees to clean and maintain those areas.