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They still need tenants and there are still a lot of empty offices, with more coming as the feds continue canceling leases.
Yeah. I wish I had time to spend money on a Trepp account then we could share lulz about all the feds being on the delinquent list.
turn them into apartments or homeless shelters
or urgent care clinics
sanctuaries and hiding places for the undocumented
I recently learned that when the feds stop using a building, the highest priority use it has to be considered for next is housing the homeless. Blew my mind
I think it depends on the state
but let's pretend you are right... let's house the homeless there... I am optimistic that this will solve the housing and homeless crisis
edit:
can we burn the building after housing the homeless? obviously I would never do such a thing unless the homeless were Muslim
actually the highest priority should be illegal wetbacks.... I'm helping ice mask or otherwise
Maybe I misunderstood what I read, but there’s an official priority list for what to do with federal buildings and homelessness was first.
Of course actually selling the properties is last.
Ah but that's all HUD-issued toxics! And the "let's remove some MBS from the Fed's balance sheet" seems to be... writeoffs: #1021043
But the CUTS are coming! Just in time to roll over all of this toxic paper