FOX–
Traditional shopping malls, once bustling centers of commerce, are now being converted into mixed-use communities that incorporate residential housing, adding much-needed housing supply to the market.
The move is far from solving the housing affordability crisis – a challenge that requires multiple systemic changes – but some industry experts say it still helps address the housing shortage, particularly in states where the problem is more severe, such as New Jersey and Florida, according to a recent report from Realtor.com.
Hannah Jones, Realtor.com’s senior economic research analyst, told FOX Business that “turning underused or vacant mall space into housing can be a win-win for both property owners and homeseekers.” more
and if/when all of the……
illegal invaders are deported……
The housing problem is solved……
I think we saw this on “The Walking Dead”.
State/Local government land regulations & building codes, title company fees, realtor fees, HOA fees, property taxes, national builders (who buy up huge tracts of land and shut out competition) have all driven up the the cost of housing. Therein is the base of the ‘problem’. It’s not the loss of the (Obama criminal era) federally subsized interest rates.
Add in that the yougers expect to be able to afford 2000+ sq ft with A/C and stone counter tops and – what used to be – luxury finishes throughout.
Pro tip: Call it your primary residence when getting a loan.
Imagine living in the Food Court.
“How about a spot next to the Orange Julius?”
One of the best ever hole in the wall restaurants I ever found was a Korean Tabletop BBQ Grill place that was on the ground floor of an Apt building. Charcoal grills and Beef smoke.
I have daydreamed about living there.
In a King of Queens episode, Doug rents an apartment above a Chinese restaurant. Then his wife finds out…
Reminds me of Whacky Mall Walkers…
Pearl City had a great Chinese noodle house.
Takeout only.
Huge portions at closing time.
Closed years ago.
Oddly enough, this idea of mixed use including residential area, was what the original founder of the idea of malls, had in mind.
He was against having a completely retail entity, but was overruled by developers and a business partner.
Cabrini Green was a great idea too. Right?