Yep.I think he's more talking about real estate that isn't traditional housing. Like, unused airports, unused office space, and so on.
There’s a multi-story hotel that has been empty for something like 25 of the last 30 years. It reopened as a hotel a decade or so ago, but it quickly closed again. 10+ stories, on a bus route, fenced in doing nothing. Use eminent domain and use it to house the homeless or similarly disadvantaged people. Not only do you have lockable, climate controlled rooms with indoor plumbing, those buildings have gyms, business centers, and kitchens. Those could be used for the services those people will need, all on premises, possibly including jobs or training.
We’ve got all kinds of empty or emptying buildings here, including enclosed shopping malls. Something like that could become an enclosed condo community- turn the big anchor store duites into things like schools, urgent care clinics, entertainment venues, child care, etc.
For me, the catalyst for the idea came when someone pointed out that a hotel The Beatles had stayed in one trip to Dallas had been converted to a prison. I’d been in there to talk to clients, and hadn’t a clue.
Then someone else purchased a high-rise office building near downtown Dallas and turned it into an upscale assisted living community 20 or so years ago.
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