Round about June things may get dicey. I’m guessing that the Fed will lower rates and accept the increase in inflation. There are no good options.
This is a listing with exterior pictures:
https://dc.urbanturf.com/articles/blog/a-look-at-8-office-to-residential-conversions/21558
[First, if a financial crisis does occur this year, will the still little-tested financial-sector-funded bail-ins authorized by Title II of the Dodd-Frank Act, enacted in 2010, prove adequate to obviate the Biden administration’s asking Congress again, as in October 2008, to appropriate funds to bail out the financial system?]
I ask myself that exact question every time I’m at the ATM.
Construction costs are still on the rise and securing financing is near-impossible right now. “Without the tax incentives, the economics don’t work,” says D.C. developer Oliver Carr.
This is largely due to a lack of windows, he says. Cutting into the building to add “light wells” is difficult and expensive.
https://www.axios.com/local/washington-dc/2023/08/12/office-to-apartment-conversions-washington-dc
Theoretically a mortgage tax could be placed on low-interest mortgages and the tax applied to the underlying bond payouts.
The communists figured out 120yrs ago that it is nearly impossioble to crash a capitalist economy to bring in a cultural revolution. This is why they took the long road to institutional control.
The Biden admin is the most anti business admin in US history. Yet the economy is growing.
I’m not sure what it will take before folks get out of the Great Depression II is coming mindset-but it is not coming.
> For House Republicans to support another bailout of Wall Street… <
Oh, come on now. Of course they will support another bailout. The House Republicans will just need is little smokescreen to fool the rubes back home. And four GOP votes is all that it would take.
“Yes, we supported the bailout. But in return the Democrats have promised to increase border security sometime in the next ten years.”