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Authored by Mike Shedlock via MishTalk.com,

Questions abound. Assume you can convert offices into homes, who wants to live in them? Is a tear-down cheaper?

To ease the housing crisis, White House Opens $45 Billion in Federal Funds to Convert Offices Into Homes

Questions Abound

Also consider San Francisco’s push to turn office buildings into homes hinges on this simple idea

Simple Idea

I had to read that article twice to find the simple idea mentioned in the headline. The article never really explained. But I believe It’s in that last paragraph above: Incentives and free money from governments.

With enough subsidies, developers will try nearly anything. Then when the projects fail, the developers ask for more money.

Clean Energy Question

What the heck does this have to do with clean energy?

The answer is clearly nothing. Nonetheless, $45 billion is siphoned from the Biden administration’s clean-energy push.

The government has 1,500 office buildings nationally and leases on almost 200 million square feet of additional space that it does not need. Instead of canceling leases and selling the real estate, it’s going to convert them into clean energy spaces.

Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already

Please note Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already

What Will This Office to Apartment Conversion Ultimately Cost?

Supposedly, this office conversion idea will only cost $45 billion.

I assume it will eventually cost $450 billion minimum by the time Biden finishes. He is guaranteed to add subsidized low income, clean energy, free electric heat, and free child care into the mix.