Comments by "MarcosElMalo2" (@MarcosElMalo2) on "The Office Real Estate Crunch!" video.

  1. How about bunk beds and pillow forts? If you can’t convert office space into residential, how about dormitories? 😂 This business plan just needs a snappy company name. What do you think about We Crash?
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  2.  @ahmataevo That’s not the issue here.
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  3.  @andrewharrison8436  around 2010 in Los Angeles there was a shortage of affordable rentals. So the city (or maybe the county) loosened restrictions on residential property, allowing owners to rent their garages or sheds to people desperate for housing. It didn’t solve the homeless crisis but it might have kept some people in a rough patch weather it. But the point is that the local government was quite flexible when it came to providing inadequate housing. I don’t know what happened to all those temporary units. I imagine some were eventually converted into up-to-code living space. In terms of adequacy, one doesn’t have to rent every single floor or even entire floors. Rent the first 10 floors on a 100 store building? The argument against this is that the rents wouldn’t offset the interest payments. And that’s where the government bail out comes in. If Uncle Sam is going to protect rich people from their own bad decisions, why not also throw a bone to renters?
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  4.  @andrewharrison8436  I just want a place to crash, man. The sofa in the common room is fine by me.
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  5. And podcasters. I hear that’s going to be big.
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  6. You’re going to stick your money under your mattress? Where do you live?
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  7.  @whutcat682  See, this is how I can tell you know zero about real estate financing. The 30-year fixed rate mortgage is what enabled many Americans to buy homes since the 1930s, while we were still recovering from a depression. Go look up Fannie Mae, Freddy Mac, and the National Housing Act of 1934. If your parents or grandparents own homes, it’s because government agencies encouraged lenders to make loans on such generous terms. Your inability to buy a home has nothing to do with 30-year terms. You can’t buy one because of two reasons: 1) you’re not making enough money, and 2) you don’t have a down payment. There’s also a possible third reason, that your credit is bad. It’s a GOOD thing to have the cost of your home broken up into 360 manageable payments rather than 120 less manageable payments that are almost 3x higher. Or worse, paying the interest for 10 years and a balloon payment at the end. You have my sympathy. Because house prices are so high, it’s extremely difficult for many Americans to get financing for houses. But if you ever want to be a homeowner, you better learn basic financial math (like why a 30-year mortgage is better than a 10 year mortgage). And you should avoid showing off your ignorance about finance. A closed mouth catches no flies.
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  8. Better idea: turn them into parking lots where workers can park their RVs and “work from home”.
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  9. The land appreciates. The building might depreciate.
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  10. Hear me out. Residential pillow forts.
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  11.  @samsonsoturian6013  It sort of reminds me of racetrack gamblers trying to figure out systems for winning big at the ponies.
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