I have heard the same but I think moving forward if this conversion is to succeed it will need to be cheaper.

Why not just add a false floorboard to the entire floor and run plumbing and electrical in that space?

The fact the majority of the area is zoned to only allow single family housing is the problem. It artificially constrains supply, thus increasing price

Bigger problem is the overall lack of housing due to rampant overzealous zoning laws. Let people build dense housing, the cost will fall when supply increases

Zoning laws would block most anything you wanted to do with them. The bay area has some of the most restrictive zoming in the world. That's why despite the lack of housing and insane rent proces, the vast majority of land is still dedicated to single-family homes. They loterally are not allowed to do anything else with it

The bay will be forced to redo their zoning eventually. It's already stunted the growth the area could have had to become a large diversified metro area

Hehehehe

No.

Aliens: "humans, deciding they've had enough, devised a plan to nuke space"

Their turbines are ass to work on from all the mechanics ive talked too.

Why don't they just rent it out? lol /s

Why are these societal parasites even worth talking about?

Not anymore. It was sold to Rimac last year.

So stick them in a giant open concept structure with no guidance and no barriers and hope for the best?

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💯

-20+ real estate pro

Please let this be real!

Next at 6: tech workers leave the Bay Area, en masse, and real estate prices return to normal

Give them back to the Japanese families who originally owned some of that land pre-WW2.

EDIT: Apparently the Reddit hivemind disapproves of giving land to its rightful owners...

https://www.fastcompany.com/90792419/12-mega-landlords-own-majority-of-the-san-francisco-bay-area

https://therealdeal.com/sanfrancisco/2022/06/22/bay-area-ranks-16th-in-the-u-s-in-share-of-investor-bought-homes/

https://www.kqed.org/news/11795988/we-dont-know-whos-buying-up-bay-area-homes

https://pestakeholder.org/news/private-equity-owned-realtors-on-san-francisco-chronicles-list-of-the-bay-areas-largest-most-influential-ownership-networks/

> multipurpose offices for startups

This is purely anecdotal but I haven’t seen a startup offer anything other than full remote roles with the occasional option to be hybrid in the past couple of years so I’m thinking they’re mostly not interested in investing in real estate. But I guess maybe they could be massive coworking spaces?

Found the realtor

But these same companies often have development offices in India; they are on daily meetings with people they'll never see in person.

As US layoffs continue they've replaced some roles with contractors from Brazil, Argentina, Poland, etc at 1/3 the price of US staff.

With all these 'remote' teammates there's no logical reason the remaining US-based staff have to be in the office either. This has all happened at my 5,000 person company and they have shuttered 70% of their US office space and now use the remaining offices for monthly events and hot desking.

There's no going back.

Source?

I give it a few years till the pendulum swings back. I don’t see full in office work but expect a hybrid model of plan in person, execute remote, to become much more standard.

Imagine the money these companies could save if they just allowed their people to WFH.

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in my area 40%+ of the single family homes are owned by corporations. so no, it is a big fucking problem.