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Joe Biden wants more people to start living in empty offices
(www.businessinsider.com)
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The reason for high cost of living in cities was that's where the offices were...
Now we don't need offices. So convert them to apartments to lower housing costs in the short term, and telework means people won't move to cities as much in the long term.
This is actually a good idea...
Developers will do this anyway if the offices are empty, why not use that money for a government program to guarantee down payments of first time home buyers?
The developers are doing fine, it's the average American that's struggling, stop funneling money to the people who already have a shit ton of it, trickle down doesn't fucking work
The Biden administration is doing that also, it just doesn't make as good a headline.
https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/16/white-house-announces-new-actions-on-homeownership/
There's nothing wrong with favoring the people with the least generational wealth first and foremost
I'm happy for those people who will benefit. But try being a kid of parents who have the mindset of "FU I got mine". I'm not on favorable terms with my parents and won't see a penny until they've passed, if they decide to give me anything at all.
It's an odd requirement that should've been workshopped a little more.
Then why are we giving twice that to developers who own office buildings?