Viewing a single comment thread. View all comments

TheAJx t1_ja8fzd0 wrote

Reply to comment by kinky_boots in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

They won't do it if the economic value isnt' there. We should examine where there are opportunities to reduce the costs of making these conversions happen, especially if there's no tangible impact from reducing the regulations.

3

Bilbotreasurekeeper t1_ja8n7lc wrote

The first two years will be a financial loss for the office space owners. After two three years max they'd make a profit. They're just wineing to get some tax breaks.

Don't believe their hype. They'll make money off it In three years max

7

TheAJx t1_ja8plus wrote

Okay, let's take tax breaks off the table. Do you think some zoning restrictions can go away? Perhaps the requirement that every bedroom have a window? Maybe loosen some plumbing regulations. Are these things we can concede on if it reduces the cost of conversions? Or are we going to cling to everything.

2