[Lockbox]

1. Building owners will start demanding lower property taxes due to lower rental which means the building’s earning power is much lower. Government will be impacted.

2. The plan to convert these office buildings into residential property will be expensive and time consuming which will also impact the buildings value.

3. The rents from residential is about 40% lower than office rental rates. So the government will need to subsidize in order to make this plan work.

[lightman]

. The plan to convert these office buildings into residential property will be expensive and time consuming which will also impact the buildings value,

From a "tax assessment to demand for public services" standpoint the "best" developments are:

1) "Light industrial"
2) "Heavy industrial" (only because of sophisticated fire response)
3) Commerical
4) Residential--irrespective of density.

[robowombat]

This is going to run headon into the ‘negro reparation’ taxes which are sure to come.

[Larry Lucido]

“So the government will need to subsidize”

No, the government doesn’t “need” to do anything except stay out of the way.