The U.S. housing situation is, well, take a look:
This kind of desperate Hail Mary from an administration desperate for an election boost is honestly not all that surprising:
The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.
The new initiative, announced Friday morning, involves the departments of Housing and Urban Development and Transportation, along with the General Services Administration and the Office of Management and Budget in a multi-pronged effort to address both the national shortage of affordable housing and the post-pandemic surplus of vacant office buildings.
Secretary of Transportation Pete Buttigieg said "over $35 billion in lending capacity" is available for authorities to address the crisis.
The federal government's intent "is to make the most of this opportunity to add more housing near [public transit] in ways that not only reduce the cost of housing but also reduce the cost of transportation," Buttigieg said.
All of which sounds like it could, in theory, be a great idea ... if enough people want to live in cities. But do they?
Do you?
I mean, really, do you?
Ask yourself that question:
Not a whole lot of point moving to a newly renovated office building if you're just going to get whipped and robbed when you live there!
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