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LikesBallsDeep t1_j667e6f wrote

Reply to comment by ehsurfskate in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs

You are stuck in 2019 world.

The old trend line of office space value is permanently gone. Adapt or perish.

Anyway, this is about allowing those that want to to do the conversion.

If you are right, nobody will want to, so no harm done, right?

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ehsurfskate t1_j677lji wrote

I’m not stuck anywhere and in my profession change and churn equal profit, I also work from home 3 days a week so not sure what you are on about.

I’m not sure why you are assuming it’s permanently gone either. Just as it changed to more wfh it can change back again. I hope it doesn’t but if we hit a recession and people need work they will go into the office if required.

I’m not saying it should not happen. I hope it does. I was just adding some context to the wide eyed people of this sun who may not know much about the commercial real estate market inner working besides - yay wfh new paradigm and yay more housing

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