We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.
I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?
Corporations buying them up to rent out is my speculation, between that, people attempting to flip them, and just regular home buyers, it’s making for a very low amount available which causes prices to be high, and new houses aren’t being built fast enough to keep up.