@TheStalwart
Joe Weisenthal
11 months
"Boston Mayor Michelle Wu is proposing to give downtown office building owners a property tax break of up to 75% over a 29-year period to convert their properties into apartments or condos." .
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@andyssingh
Andy Singh
11 months
@TheStalwart @NewsLambert Good start, but not enough sadly. Conversations are very costly and will need to be further subsidized
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@chancecollabs
Chance Taken
11 months
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@VelvetBarstool
Susan Bernstein
11 months
@TheStalwart I asked this question about a year ago, and one of the experts who lurk on here told me this was impossible because of the way office buildings are designed (plumbing, etc.). I no longer listen to so-called experts.
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@rgarcia57
Kristaps Porzingis Fan Club
11 months
@TheStalwart not enough sadly
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@kylascan
Kyla Scanlon
11 months
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@pt
parker
11 months
@TheStalwart @Noahpinion I’d be curious to see how the math works. The problem is these ppl are losing money and have to refi at higher rates soon. What they probably need is cheap loans to redevelop the properties, or the city needs to wait for distressed sales & new buyers who can bankroll conversions.
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@Dollarlogic
Andy Martin
11 months
@TheStalwart Great way to crush the tax base.
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@trendoshi
Trendoshi.eth
11 months
@TheStalwart The Govt using your stolen tax dollars to line the pockets of rich RE developers. Corruption, Corruption and more Corruption.
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@ZenJayCfa
*Zen Jay, Post QE World, CFA,FRM🔥🔥🚢 🐍
11 months
@TheStalwart Seems like a good move, might prove to be a template for other cities. To be very frank, most of the big cities on both east and west coast will need something like this to thrive in long term. Current back to office agenda is purely driven by office and hotel property…
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@Derrick_NOLA
Derrick Townsend
11 months
@TheStalwart Cheaper to tear them down. The plumbing/heating/cooling all have to be redone.
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@NewMexiSlosh
Rocky Barbacoa
11 months
@TheStalwart Oh, look at that. Housing and empty office real estate solved in 1 clever motion
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@intelligenz_b
binge-telligence
11 months
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@Alea_
jck✨
11 months
@TheStalwart Great idea.
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@JNCOGUY
JNCOS WITH CLASS
11 months
@TheStalwart Won’t work at all without zoning and approvals changes too
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@13bbird
briannotbrine
11 months
@TheStalwart Office conversion episode was my favorite OddLots.
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@LaziestofDans
Laziest of Dans
11 months
@TheStalwart @jennablan So when people move into those buildings and need services that are funded by property taxes, where dues that funding come from??
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@tisjaquan
Name not important
11 months
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@BeezyManzell
Beezy
11 months
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