How much land does the government own out west? Now they are taking over commercial real estate in major cities?
Odd...Stalin comes to mind.
Feds should be forced to auction 95% of their holdings.
LOL.
Idiots.
The cost and complications of converting Commercial Office plumbing to Residential, Family plumbing is mind boggling.
Oh, I forgot! The goal is to bankrupt America.
This is done to benefit illegals. Free money and housing, just so long as you aren’t a U. S. citizen.
And they don’t recognize that living in commercial use building is a primer for disaster?
Who, exactly is behind such stupidity?
Cabrini Green New Deal
And it will be scooped by the same foreigners who are buying up the properties and pricing out Americans.
With a good chunk of federal workers working at home, some government office buildings are 80% vacant (there was a story the other day) ...
The cost to renovate is high, the buildings worked economically as commercial until the pandemic, now they Don’t and some one will eat the loss. Save pollution, WTF? Mass Transit, that does not work with the high crime and oh how’s that High speed train coming California? This is to bail out lenders and commercial building owners, that’s the plan......
10% for the Big Guy.
Housing for the illegal immigrant Chinese/Venezuelan/Guatamalan/Nicaraguan/Afghan/Iranian/Nigerian/Honduran military men, cartel, and gangs.
With all of the retail stores shutting down due to theft and robbery, this could help them to avoid bankruptcy.
We have 30 million welfare recipients in this country that could be deported to their home countries along with their children.
That's a lot of gobbledy-goop even for a Democrat.
This is a vehicle to siphon money to the Biden Crime Family through their cronies.
The cronies will get contracts that they will provide kickbacks to the “Big Guy” while not doing the work.
Converting vacant office buildings into residential units won't do any good if there are no grocery stores, drug stores, gas stations, and other residential conveniences nearby to support day and night occupancy.
-PJ
That’s a local zoning issue
If I had the time I would post the flames I got from some that said they would never turn commercial properties in to residential warehouses for the illegal alien invaders (in which they will live free). Amazing how fast the government can move when it gets them power.
SOHO in NYC went from industrial to residential space about six decades ago.
Quisling Puppet Biden needs to find a place for the 50 million illegal aliens to live.
Vidkun Quisling was executed by firing squad at Akershus Fortress, Oslo, on 24 October 1945. History repeats itself.
So now they will turn these into tiny one bedroom condos for 450k, payment due to Blackstone and Blackrock.
Any failures in the real estate market will be bailed out in the event that there is a dimocrat in the WH.