this post was submitted on 25 Sep 2023
147 points (95.7% liked)
Technology
59415 readers
1777 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But, they would save billions of dollars by selling it back. This is textbook sunken cost fallacy.
I've been saying CEOs should be making real estate donations to the cities theyve pillaged, for the expressed purpose of affordable housing/low income housing. Huge tax write-off. Turn this negative into a positive real easy.
It's almost like these are the kind of decisions CEOs get paid 1000x more than I do to make.
Except nobody wants to buy it.... that's the problem. Many of them have long term leases that they can't break without significant penalties.
Turn them into houses and fix the housing market problem along with it.
I'm with you, but it's harder for more modern buildings.
https://www.nytimes.com/interactive/2023/03/11/upshot/office-conversions.html
The link is behind a paywall, but its a good piece.