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No one can escape this housing crisis — it's coming for homeowners too (www.abc.net.au)
submitted 1 year ago by Longmactoppedup@aussie.zone to c/australia@aussie.zone
20 comments fedilink hide all child comments

Not sure I agree with the title that no one can ”escape” it. I think the wealth hoarding class does very nicely out of everyone else's misery. Perhaps if things don't turn around their grand children might go from owning the whole country to facing a guillotine.

More likely once there is a large enough percentage of people who will have no hope of owning, then they will start to have an effect at the polling booth.

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[-] Dagwood222@lemm.ee 3 points 1 year ago

I live in NYC. Many Wall Street office buildings have already been repurposed as apartments/condos.

[-] Marin_Rider@aussie.zone 2 points 1 year ago

interesting as everytime I see this suggested everyone talks about how it's too hard to do that. I don't deny there are challenges involved but it always felt like such a copout when I've seen literal grain silos turned into apartments

[-] Dagwood222@lemm.ee 2 points 1 year ago

They started a while ago, because it was much cheaper to convert the older buildings to housing than it was to rewire them to handle computers and the HVAC computers need.

imho, the building owners will cry about how hard it is until they get a fat subsidy to convert.

this post was submitted on 19 Nov 2023
141 points (97.3% liked)

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