Description: Communities are desperate for more affordable housing, but the cost for developers is just too high. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now.
Source: CNBC.com – video report
Date: Feb 04, 2021
Questions for discussion:
- How has the pandemic affected the hotel industry?
- Is the transition of purpose of these properties a “good thing”, in your opinion?
- What might this transition mean for the hotel industry when the pandemic passes and travellers return looking for hotel rooms?