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Metropolitan DC Local Politics
Reply to "Union Station Starbucks Closing"
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[quote=Anonymous][quote=Anonymous]https://www.wbur.org/news/2024/07/08/office-housing-conversions-residential-boston-real-estate Bowser should absolutely be incentivizing developers to convert to residential, and punishing vacancies. I don’t know why they can’t think more broadly, [/quote] The vacancies are partially due to absurdly high rents and tax write offs. There should be a diminishing write off the longer a property stands unrented, to encourage lowering the rent - within reason. Fine with a cap that allows the landlord to cover cost and a reasonable profit. DC is incredibly punitive to small residential landlords but let's the big commercial ones do whatever.[/quote]
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