Submitted by psychothumbs t3_11dbqqj in nyc
Bilbotreasurekeeper t1_ja8n7lc wrote
Reply to comment by TheAJx in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs
The first two years will be a financial loss for the office space owners. After two three years max they'd make a profit. They're just wineing to get some tax breaks.
Don't believe their hype. They'll make money off it In three years max
TheAJx t1_ja8plus wrote
Okay, let's take tax breaks off the table. Do you think some zoning restrictions can go away? Perhaps the requirement that every bedroom have a window? Maybe loosen some plumbing regulations. Are these things we can concede on if it reduces the cost of conversions? Or are we going to cling to everything.
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