We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.
I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?
With inflation causing rents to go through the roof, houses being bought to be rented is just going to increase even more. I’ve had several houses in my neighborhood sold in the last few months be bought and immediately have “Available for Lease” signs put out.
We need to have something done to de-incentivize the idea of real estate as an investment and treat it like the necessity it is.