/biz/ - Business & Finance

>link to advertising platform
are you chinks even trying at this point?

Why don't they turn those office buildings into apartments? This would solve the high rent problem.

>>55704634
what part of "soft landing" don't you understand, chud?

>>55704670
>red ID
the part where a bunch of journalists try to write around a recession despite there audience declining exponentially. The question during the last fomc press conference made me realize again why I don't read advertising posing as journalism since 6 years

>>55704658
> vacant tower turned migrant housing
that solves the demolition problem

>>55704658
supposedly plumbing issues is the main problem.

Perfect time to invest

ww3?

>>55704634
Did I forget Strategic Petroleum Reserve drained?

>>55704839
>supposedly plumbing issues is the main problem.
put luxury half floor apartments in and use the preplumbed shitters as the basis of the new shitters and showers and tubs and shit

>>55704658
>>55704839
>>55705031
>costly to retrofit office buildings into apartments (repiping, rewiring, redoing floor plans to make separate domiciles)
>areas toward the center of each floor would have difficulty getting window light, so you'd either have to carve out a large portion of the center of each floor as a lobby, or try to sell apartments with zero natural light (hell)
>costly retrofitting would only be profitable if converted into high end luxury apartments, retrofitting for even midtier city apartments would not be profitable
>not a big enough market for luxury apartments to ensure there would be people willing to move in
It does seem like the logical solution (demand for office space goes down while demand for housing space remains high) but there are actual roadblocks to getting it done, even without factoring in zoning/permits/government shit.
replumbing everything to individual apartments instead of communal toilets and kitchens on each floor, if the original system can actually handle the volumes required. if not have to upgrade all the plumbing. then the electrics, might be less of an issue cos every cunt has computers and such and needs a powerpoint at their desk, but like the plumbing, can the original system handle the loads required for residential use. then you got all the govt shit you mentioned e.g., do office blocks have the same fire related stuff required for residential apartment buildings. the list goes on. that is not to say it cannot be done, but fuck me it would be expensive and time consuming.

>>55704634
Fill them all with migrants

>>55704658
because it isnt that simply for many buildings. floorplates and ceiling heights for offices vs residential are vastly different. no one is going to rent an apartment without a window but they will rent an office suite without one. it isn't impossible but will take a lot of refurbishing to update many office buildings to make them residential conversions. often times it is cheaper to just demo the building and start from scratch

>>55704987
At best a year away. This is the antebellum. There is one save way to make out if a greater war is close, and it has now been a save indicator for a couple 100 years; the population of Vienna declines. Happened before the 100 year war, the 30 year war, the Napoleonic wars, and the Worldwar (part I and II)

>>55704832
>>55705226
You're late
lol

>New York City
>In early 2023, amid an increase in the number of people within the city who sought asylum in the United States, the Candler Building's commercial space became a 250-bed shelter for asylum seekers

https://en.wikipedia.org/wiki/Candler_Building_%28New_York_City%29

>>55704634
>I'm not wrong, I'm just early
>IT'S THE SAME THING BICHAEL
>IT'S THE SAME THING
>GIVE ME MY FUCKING MONEY BICHAEL
If you don't have a date you don't have a case.

>>55704839
>>55705208
>>55705271
Translation: If developers hold out long enough, the city will become desperate and be willing to kick in a ton of public funds for the conversions (the plumbing issues are relatively easy to solve if you're not doing tippy tippy top luxury conversions, and the interior space that doesn't get light or air are perfect for things like self-storage). Until then, they'll pretend that the problem is insurmountable and be super-picky about which conversions they do (hint: they will all be multi-million-dollar condos where they essentially rebuild the interior at massive and wasteful expense).

>>55705796
>the city will pay for half of new yorks office towers being converted
I dont think so

>>55704634
Asherah is being judged.

>>55704839
What's to stop them from doing cheaper dormitory style apartments with communal wash facilities?

>>55705892
based

>>55705847
I'm just relaying their strategy, I didn't say it would work. The reality is that a significant portion of this group of assholes are going bust and doing a jacknife from the 50th floor. They're overleveraged, and the market doesn't care.

I would laugh but I know somehow those kikes will have the Feds bail them out, with all of us paying for it

>>55706240
Alot of people are saying, its just waiting to implode. And the Fed just raised rates again...

bump

>>55704634
>Apartments for the rich are empty! What will we ever do???

>>55704634
gay post, chinese economic collape is the elephant in the room, WILL cause a global depression

>>55705901
Tragedy of the commons.

>>55705796
>Public funds
At these rates. You socialist scum are going to be brought back to reality, likely ending under bridges hoping for the "state" to generate your private profits by shifting your risks onto children that will never be born

>>55705208
>zoning/permits/government shit
If they really want to they can force all that shit through in no time. Since we're talking about Jewish real estate bags and boomer pension bag, it will happen.

>>55704658
Woah cool that antisemitism dude

>>55704634
All the banks holding mortgages on commercial real estate are going to be fucked when people default and the property has lost so much value that the collateral doesn't cover the loan amount. Too bad they'll be bailed out.

>>55704658
They’re doing that in Toronto, but it’s a mess
Commercial buildings are not equipped the same as residential ones and often conversions are extremely lazy to maximize profits.

However idk why anyone wants to live in Toronto for example when there are practically no jobs that require you to be there anymore.
Just Chinese “””investors””” buying the boomer bags and OMG I LOVE THE HUSTLE AND BUSTLE types

>>55709783
wut

>>55710219
They're being bailed out as we speak. They're being allowed to calculate the value of their collateral using batshit methods, usually culling comps that have sold way under "market rate" recently as "distressed" and non-representative. The truth they don't want to face is that those ARE the rates.

It's like those scenes in The Big Short where the banks refused to properly evaluate their MBSes until they were on the right side of the trade.

>>55704658
That area is filled with ultra wealthy wall st workers and the like.
They will never allow the streets where they work to become filled with, uh....

Certain types of people...

>>55704634
Now go fight in ww3 so that boomers and the rich can maintain their lifestyle

Yeeep it's back to business as usual here on /biz/, where incel basement dwellers decry the end to civilization, non-stop, for nearly a decade running.

Tell me, do you think when your broken clock finally happens to be correct, do you seriously think you will somehow be vindicated? Do you really believe you're going to derive some sort of satisfaction? Shot in the dark, you probably won't have the luxury of doing so.

>>55704634
not my problem

>>55713068
You talk like a fag and your shit's all retarded.

>>55705901
Poor people can't pay as much rent money. That's why all new development is high-end stuff.

>>55711863
They fucked up with 9/11, it'll be until at least 2030 before the youth will buy a war. (knock on wood)

>>55713756
>"We need more inventory for prices to come down!"
>Only luxury apartments built
>None of the owners will budge on price when the market is saturated
>Apartments sit empty for years
>Bonus: owners start marketing empty apartments as "investments"
>Speculation on units increases, apartments become even less affordable
>Owners use "value" of buildings to leverage other bets
What could possibly go wrong

Posting this here from another thread
https://www.federalreserve.gov/data/documents/sloos-202307-charts.pdf

>>55704634
It's shocking how retards ignore AI technology, especially a platform that aims to leverage the power of advanced AI generation models. I am happy to discover it

>>55714557
Don't expect this advertising and begging board to register it. They are going to hold there bags yet again. I mean there is currently a vanguard advertising thread in the catalog with a same faggot trying to convince anon to buy index funds scams, let alone the entire spam of crapto scams by baggies

>>55714760
>machine learning and indexing
worthless, fuck of Thiel boy, nobody is going to buy your bags, and the B2B of that scam reminds very much about the attempts by microshit and oracle to generate demand for their crapto products that nobody wants

>>55714557
so what we just whipsaw into oblivion from hereon? Nice.

>>55714836
Blackrocks, Vanguards and how the scammers all call themselves collateral melts. And there are not enough humans on the planet to keep their ponzi alive

>>55714768
>>55714782
End of course this

>>55714891
the question is how to profit. Averaging into shorts on tech, real estate and bank stocks with tight stop loses and reasonable take profits on moderate leverage has paid off well for now; playing vix future spikes on data news also worked fine so far. But I feel their i a better way, that doesn't involve etfs or other fee scams. Shorting China and Hong Kong again is something I'm also looking forward too, as soon as their stimulus narrative has petered out and Russia starts their yuan dump

>>55714988
Frankly I dont know enough about that
But it really feels like its hanging in midair before gravity catches

>>55715120
I'm making consistent profits with my bear plays, guess I just keep doing what works while the liquidity and steam to keep the ponzified stock market up runs out

>>55714891
Is this what they call "economics"*?
[*]bullshit

>>55715243
what do you mean?

>>55715356
by the spelling likely a chinkoid. They are funnily enough the ones getting fucked the most by the credit situation in the US tightening. From imports from china crashing further to fled chinese capital getting hair cut in the real estate markets they parked the capital they removed from china

>>55715387
not to forget, with a tighter credit situation the foreign capital investments by US transnational in china are also not likely to pick up. The Chinese really fucked themselves hard, too weak to be a regional hegemon, too weak to be a global hegemon, too dependent on the current hegemon, just right in time to be snuffed out before they get bigger

>>55715387
>>55715438
Maybe thats why China is building BRICS? to become more independend

>>55705901
Could you imagine a low cost housing communal bathroom? Society would lost money when those creatures go to the hospital with third world illness

>>55715356
It's one data point. He needs to be more rigorous.

>>55704658
because zoning laws are fucking stupid and retarded and also its newyork, so make that 4 times more retarded

>>55704658
the most important point is that this would bring housing prices down so much by deminishing demand. guess who doesnt want that? rrright