Bidding war on houses

[Martinjmpr]

I actually agree with them, that the housing market won't fail in the same way again (at least not soon).

The problem is that the EXACT same problem that occurred in 2008 for houses, is poised to occur in commercial buildings. The real downside to this is that instead of the loan amounts being hundreds of thousands, it's millions per.

Seems to me there is already a glut of commercial buildings, especially retail spaces. Big malls are only half full (if that) and there are some commercial strip-mall type developments that were put up in the boom years of 2007 - 2009 that are still sitting vacant a decade later (I'm thinking River Pointe in Sheridan, for example.)

Seems to me there is an opportunity there, though. If we have too much retail space + not enough living space, how long before someone figures out how to turn the former into the latter?

[BladesNBarrels]

Seems to me there is already a glut of commercial buildings, especially retail spaces. Big malls are only half full (if that) and there are some commercial strip-mall type developments that were put up in the boom years of 2007 - 2009 that are still sitting vacant a decade later (I'm thinking River Pointe in Sheridan, for example.)

Seems to me there is an opportunity there, though. If we have too much retail space + not enough living space, how long before someone figures out how to turn the former into the latter?

Local community zoning commissions don't like to downgrade the zoning of a property.
Commercial pays the majority of property tax by Colorado Law, so rezoning to Residential is a real tough sell. (There is a pun in there somewhere)

[Martinjmpr]

Local community zoning commissions don't like to downgrade the zoning of a property.
Commercial pays the majority of property tax by Colorado Law, so rezoning to Residential is a real tough sell. (There is a pun in there somewhere)

How much revenue are they collecting from unoccupied commercial space though? Can't be much.

Five percent of something is more than ten percent of nothing.