alt Hacker NewsBut do you really have to cram in as many residents as you could with a purpose-built tenement? There must be ways to keep headcount in the range the infrastructure can support and still provide a lot more housing than just leaving them as empty decaying offices owned by the last one holding the bag. Intersperse flats with windowless storage units (you have a depth problem anyways), low density commercial use like workshops with live-by flats and so on. Large units designed to attract high squarefeet/low headcount tenants, not bunk bed families. Add regulation only as a fallback limiter. Don't let perfect be the enemy of good.
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I mean, sure, you can just sell it as a unit for each floor. You then need to recoup all the costs of rebuilding against fewer people, so all the main area renovations and what not get more expensive and the monthly cost of building maintenance get spread across fewer and fewer tenants. But you've still got a problem of most of the rooms of your very expensive condo have zero natural light, its all practically ancient built stuff in terms of planned structure life, and you've got a very expensive monthly maintenance bill. Meanwhile your massive and dark unit with odd plumbing and low ceilings is competing in the market against units that were actually built for the purpose of people living in them, so while your unit is big and expensive to maintain they're some of the least desirable spots.
The economics just often work out a lot better to tear down the old structure and rebuild a new one more fit for purpose.
> There must be ways to keep headcount in the range the infrastructure can support and still provide a lot more housing than just leaving them as empty decaying offices owned by the last one holding the bag.
Demolishing the office building and building a residential building is more profitable often.