Madame Chairman Michelle Wu, Mayor of Boston, Massachusetts, has been supportive of offering a tax subsidy to landlords who convert their commercial real estate to residential units.
Why, pray tell, is she interfering with the free enterprise system (okay, okay, what little of it exists in Beantown) in this manner? Thanks to the Coronavirus (COVID-19), the demand for office space has declined precipitously. Business firms have found they can get the job done with at least some of their employees working from home, at least on a part-time basis. Thus, the lesser need for office space. This, of course, is a world-wide phenomenon, hardly limited to the United States, to Massachusetts, to Boston. But Madame Wu is taking the lead in this type of political response.
Talk about teaching grandma to suck eggs.
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https://www.lewrockwell.com/2023/12/walter-e-block/against-michelle-wus-anti-market-real-estate-proposal/