Comment on Millions can no longer afford their rent

dipshit@lemmy.world ⁨10⁩ ⁨months⁩ ago

• c0mbatbag3l@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Except for the part where you have to rip out everything and build it virtually from scratch due to the severe lack of plumbing infrastructure to individual spaces in the same way that apartments require.

  It sounds great, but realistically it’s almost easier to just demo the buildings and begin from the foundation.

  Either way the issue isn’t the ability to construct apartments and/or condos, it’s the land being owned by people who either want it for a commercial use-case or it’s just being held for value increase.

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  • dipshit@lemmy.world ⁨10⁩ ⁨months⁩ ago

    I am fine with demoing the buidlings and creating new apartments / condos if that’s what it takes. It just seems like this wouldn’t be true for all buildings, but maybe most. You’re right that the owners of these properties are placing a huge bet on their buildings being used for commercial use again. The city should tax vacant buildings higher to discourage squatting on these properties by commercial investors.

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    • c0mbatbag3l@lemmy.world ⁨10⁩ ⁨months⁩ ago

      Land.

      Value.

      Tax.

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      • dipshit@lemmy.world ⁨10⁩ ⁨months⁩ ago

        Unless that’s what I just described (a land value tax), I’m not sure what you’re saying here.

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  • M0oP0o@mander.xyz ⁨10⁩ ⁨months⁩ ago

    But, hear me out; Poop buckets.

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