Not to mention working online instead of commuting to a densely populated urban center.
Fewer tech sector workers walking the streets on their lunch breaks or off hours = less business for downtown realtors. It’s far past time to rethink who our urban centers are for, and how we can design them in a way that actually meets the needs of those people.
The way commercial buildings are valued for lending purposes is tied to the amount of rent they can get. So if you have one tenant paying an exorbitant rate, then you can claim your building is worth that rate, even if it’s 3/4 empty. You just multiply your highest rate per square foot. Then you use the value of the building as collateral.
This is a serious disincentive to getting landlords to adjust rents-the value as collateral is worth way more than the value of affordable rents. According to “free market” theory, rents should be plummeting because of high numbers of vacancies, but it doesn’t seem to be happening evenly.
… I’m being murdered RIGHT NOW 
Hey now.
If there is one thing you can rely on, it is that crime and homelessness will drive down rent, right?
Right?
Right wingers, who wish to maintain a police state to keep the “wrong” people in their place, and to keep the profits flowing to them, and the people who pay them. As long as we’re distracted by things like looking down on the working classes, we can’t push for needed reforms to make a better society, and the more they can get away with sucking wealth up.
even white liberals seem to toe this line. unfortunately, it seems to be the very rare politician who’s ready to argue for restructuring or defunding the police ( and even rarer maybe those who will speak to demilitarizing the us-mexico border )
it’s so frustrating to see the small attempts to do things like decriminalize drugs or even overnight camping being linked - incorrectly - to the crime rates. and it’s baffling to me to see people on the left ready to give up on even those small incremental changes
( specifically seems to be happening in cities like sf, seattle, and portland )
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