givesomefucks comments on Joe Biden wants more people to start living in empty offices

[–] givesomefucks@lemmy.world 16 points 2 years ago (2 children)

Then those millionaire (from the examples in the link, billionaire) developers can let their building sit empty...

This is America, where a single cancer diagnosis can bankrupt a family for generations. If we were a civilized country, sure, bail everyone out.

But I don't have sympathy for them when normal people are in such a tight spot.

Like if you're a cardiologist and you're helping someone you saw sprain their ankle, you'd be an idiot to keep helping them when there's five people having heart attacks in the same room.

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[–] ArbiterXero@lemmy.world 12 points 2 years ago

The problem is that they are happy to let the building sit empty most of the time

The value of the land and building continue to go up as an investment, even if they aren’t earning money today on the space .

So they don’t actually give a fuck if it sits empty, but society does

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[–] themeatbridge@lemmy.world 3 points 2 years ago

I'm with you, but you're kidding yourself if you think the billionaire is going to suffer. They have leveraged the value with banks, and would skip on down the road with their fortunes while the banks that make mortgage loans have to shore up their books at the expense of common folks. Homebuyers, small businesses, and taxapyers will be expected to cover the losses.

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