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The office real estate crash will be so sharp and deep that Capital Economics thinks office values are unlikely to recover by 2040 (fortune.com)

submitted 2 years ago by [email protected] to c/[email protected]

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The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

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[–] [email protected] 17 points 2 years ago

Some countries have actually legalized squatting in certain situations (like if a building is long term empty) to put some fire under the landlord’s ass to either find a paying tenant or sell. And honestly I think it’s an inelegant but effective solution.

It’s not productive to have real estate units sitting empty in the middle of the city and we simply shouldn’t allow it.