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141

No one can escape this housing crisis — it's coming for homeowners too (www.abc.net.au)

submitted 11 months ago by [email protected] to c/[email protected]

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Not sure I agree with the title that no one can ”escape” it. I think the wealth hoarding class does very nicely out of everyone else's misery. Perhaps if things don't turn around their grand children might go from owning the whole country to facing a guillotine.

More likely once there is a large enough percentage of people who will have no hope of owning, then they will start to have an effect at the polling booth.

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[–] [email protected] 3 points 11 months ago (1 children)

I live in NYC. Many Wall Street office buildings have already been repurposed as apartments/condos.

[–] [email protected] 2 points 11 months ago (1 children)

interesting as everytime I see this suggested everyone talks about how it's too hard to do that. I don't deny there are challenges involved but it always felt like such a copout when I've seen literal grain silos turned into apartments

[–] [email protected] 2 points 11 months ago

They started a while ago, because it was much cheaper to convert the older buildings to housing than it was to rewire them to handle computers and the HVAC computers need.

imho, the building owners will cry about how hard it is until they get a fat subsidy to convert.