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Sub-prime mortgage crisis as cartoon - Life is strange...

Sep. 25th, 2008

06:18 pm - Sub-prime mortgage crisis as cartoon

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Hi!

So, we've all been hearing about the sub-prime crisis. Someone had the bright idea of explaining it as a cartoon. The cartoon art could be much better, but still, it's fun. You can find it here.

Just one page of it, to whet your appetite:

Tags:
Current Location: office
Current Mood: quixoticquixotic
Current Music: hvac blower

Comments:

[User Picture]
From:strspn
Date:September 27th, 2008 11:34 pm (UTC)
(Link)
Why don't people convert high-vacancy commercial property spaces to residential? Does it cost more to install plumbing, fixtures, and walls than the expected rents?

Also, there should be a cap on robot stock market trades. What percentage do you think it should be?
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[User Picture]
From:generalist
Date:October 17th, 2008 01:25 am (UTC)

Commercial vs residential

(Link)
People don't convert high-vacancy commercial to residential for any number of reasons:

Versus residential, commercial has these major differences (and more):
1. No individual climate controls
2. Shared bathrooms & kitchens (plumbing to make a bunch of individual bathrooms is really expensive)
3. Noisier heating and cooling systems
4. Difficult-to-secure ceiling systems
5. Much less noise insulation between areas
6. Much larger ratio of interior to exterior room (i.e. fewer windows per square foot of floor space)
7. Totally different zoning, compliance and other regulations
8. Access to groceries, parks, etc.

So converting is not easy, is not cheap, and wouldn't end up with very good results... unless the conversion was into a small number of very large units, in which case, why bother?

Cheers! generalist
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