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Comment Re:Mostly agree (Score 1) 82

I do agree that incentives (and dis-incentives) are typically superior to other forms of regulation.

For example, a higher property tax for unoccupied buildings (or a tax break based on occupancy) might help get things moving.

Though, in the case of commercial property, that might not be enough. A root cause is Bank officers handing out loans like candy and basing the value of the collateral property on "anticipated rent". The owners are now afraid lowering the rent will trigger a re-valuation and the bank demanding repayment or starting foreclosure. Meanwhile, those officers know of the situation but don't want to rock the boat until they can get promoted far enough away not to have it come back on them , or better, make it to retirement first.

In truth, forced re-valuation is most likely the only way to break that log-jam at this point. The market isn't going to grow enough to actually make those turkeys rentable at current asking.

For residential, a grace period on some of those rennovations in exchange for actual occupancy may help.

Comment Re:Regulatory control (Score 1) 82

I would say under-regulation, or more to the point, mal-regulation. Unregulated markets inevitably settle into a worst case scenario given time.

In the case of residential property (which is what your link refers to), I agree that some of the regulations there are bad and need to be revised or eliminated. But they have nothing to do with the commercial space falling into squalor.

Comment I cut the cord years ago (Score 1) 105

Too much money for not enough content.

When I had my morning toast and coffee earlier today I chose between three YouTube videos. An analysis of a high-performance motorcycle engine, a review of an off-road vehicle and troubleshooting a hybrid car. All cable ever has these days is reality shows.

...laura

Comment Re:Using an economic lens (Score 1) 82

I think they are holding out to sell the buildings at full price.

Never gonna happen. Full price was before 10 years of decay and rodent infestation + neighborhood gone to shit. Nevertheless, high supply, low demand is supposed to result in low prices.

What a nice idea! But then the commons are not only not commons, but they become properties and whatever herdsman gets the biggest herd will buy it all up and you get a monopoly.

One, how so if the agreement is ownership in common. And two, how is it worse than it all being owned by a (land)lord who rakes in the better part of the profit while considering herding animals to be beneath him?

Sounds like you drank the cool aid.

Comment Re:Off-topic comment (Score 1, Funny) 92

Cool Story, Bro time:

My domestic partner is very pretty and the dbag who runs the nearest Tesla dealership was trying really, really hard to get with her. He let her borrow his dealership's loaner Model S Plaid for a week as part of his "That Guy" package.

We thought we'd have some fun since it's supposed to be this super cool sports car. It turned out to have a governor on it that limited acceleration and top speed to something any Honda Odyssey owner would find comfortable.

I'm not sure whether it was that guy's doing or is that's something directly from Tesla itself but we both thought it was hilarious.

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