Fuck_You_Downvote
Fuck_You_Downvote t1_izehax8 wrote
Reply to comment by irdonut2 in New York’s ‘zombie’ office towers teeter as interest rates rise by rootbeer_racinette
Some obsolete office buildings may be converted to residential, which, in theory, would help to ease New York City’s chronic shortage of housing. But that is easier said than done, say many experts. It would require zoning changes. Even then, many office buildings may not be suitable candidates for residential conversions — either because their floor plates are too large, their elevators are wrongly situated, their windows do not open or their neighbourhoods are unappealing.
Fuck_You_Downvote t1_iz5jt4r wrote
Reply to comment by movingtobay2019 in NYC comptroller says Adams has ‘exacerbated’ widespread city worker vacancies by mowotlarx
True. And property is valued based on cash flow. Paper cash flow or actual cash flow are the same. So in a spreadsheet somewhere someone said it is worth 100 a foot in rent, and was sold as such. And they guy who bought it says it is 110 a foot and got a loan based on that. If someone moves in under 110 the bank repossesses his building or it just sits vacant for 12 years. Which one will he do?
Fuck_You_Downvote t1_iz511pv wrote
Reply to comment by The_Lone_Apple in NYC comptroller says Adams has ‘exacerbated’ widespread city worker vacancies by mowotlarx
City gets money from property tax, sales tax and business tax. No business = no tax.
Fuck_You_Downvote t1_iyuey1y wrote
Reply to comment by srpokemon in NYC woman pummeled at Columbia University China COVID protest by NetQuarterLatte
罢课罢工罢免独裁国贼习近平 起来不愿意做奴隶的人们! 反独裁反专制救中国 一人一票选主席
Fuck_You_Downvote t1_jb3a5pb wrote
Reply to comment by sam_neil in Woman found dead in Jeep full of noxious chemicals on Manhattan’s Sutton Place in bizarre suspected suicide by justthekoufax
Hydrogen sulfide kills a lot of people. So many manure farm deaths jeez.
https://www.cdc.gov/niosh/topics/hydrogensulfide/default.html