Posted on 04/25/2022 5:01:29 AM PDT by Browns Ultra Fan
Do you want to see a magic trick? Like how governments shut down the US economy resulting in collapsing office occupancy rates while the price of office buildings rose dramatically (+16.3% since Q2 2020)?
Kastle’s “Back to work barometer” is showing that the 10 city average occupancy rate in the US is now only 42.8% as remote working has caught on. And the fear of yet another Covid mutation is keeping office occupancy below 50%.
Even Washington DC, home of Dr. Anthony Fauci, has only a 37.5% occupancy rate. Of the top 10 cities, Austin TX has the highest office occupancy rate at 62.4%.
So, the magic trick is not why America is so slow to return to the office, but why commercial office prices are rising so fast. Ah, Federal government STIMULYTPO! Aka, The Federal Reserve has been overstimulating the economy since 2008 and particularly since 2020 and Covid.
Speaking of a magic trick, here is how government’s make the average time to foreclosure up to over 7 years in Hawaii and 4.4 years in New York. In simple terms, you can buy a home in New York, never make a mortgage payment and live rent free for an average of 4.4 years.
Of course, the states with the longest average times to foreclosures at JUDICIAL foreclosures states (seen here is gray). Hawaii is now a judicial foreclosure state. That is, you must line up for a judge to hear your case.
So, the government’s magic trick is to 1) shut down local economies in fear of Covid, 2) provide excessive fiscal and monetary stimulus to combat the shutdown, 3) watch office building prices soar with stimulus as office occupancy remains below 50%.
Do you want to see a magic trick?
(Excerpt) Read more at confoundedinterest.net ...
I like that one.
Given the Drosten PCR test was coded in Berlin in January of 2020, the test adopted by the EU in February, the pandemic declared in March, the WHO "amplify" the diagnosis distributed in April and the Schwab book published in June, the "response" of the first players was very fast. Lockdowns, never before applied to an entire population, were quickly pushed through and economic deprivation began. All within about six months. One recalls the Schwab title --- Covid-19: the Great Reset."
The picture is clear. Massive printing of money called "stimulus" alongside economic self-mutilation through lockdowns was the goal. Why? To push that "re-set." And profiteer. The nation will recover slowly but trust in government is growing, with reason.
Absurd reasoning. Those offices are vacant because people did not want to come back to them. Subway ridership is also collapsed.
You know that famous Obama quote about you didn’t build that, government did that? Well, this is the reverse.
Government didn’t do that. The virus did that. People are not insane. You’re not going to go and sit in an office and breathe virus.
And if you want proof of this, go and have a look at office vacancies in cities that did not lock down. You will see the same effect.
Stop with this insane worship of the power of government. It’s not a conservative perspective. Government did not cause offices to go empty. Rational people faced with a virus caused that.
People are refusing. Many quitting (we're close enough to retirement age, so why not?)
The large multi-national bank I work for is now having a Holy sh** moment realizing very few are going back and now they have to replace highly skilled, highly paid people with people they cannot find to replace them.
This is so delicious to watch from my perspective.
I went back to the office ONCE, and that was enough of having to walk down a major street in the south loop of Shitcago that reeked of urine, feces and homeless people.
NOT KIDDING.
Downtown Chicago and specifically the financial district is largely a ghost down filled with homeless people, closed businesses and the stench of death.
They want us to go back to work in that? NO DEAL.
You’re the biggest fear mongering coward on this site.
Why are you here?
Just the other day, you want to mandate N95 masks everywhere for everyone.
You’re also fine with mandating vaccines.
Quite frankly, you suck.
Please learn to size images properly for FR. That was just mean posting that ‘picture’ like that...
apologies - I forgot to add some HTML for the image size...but, in hindsight, given that this is a photo of Lori Lightfoot, it’s probably good that she isn’t visible. I may have at least a handful from needing brain bleach.
See how easy it is to resize a photo?
When you put the image link in quotes just add, width = xxx, where xxx is the number of pixels.
You do this before the closing html tag. I used 300 for the photo you posted. Preview before posting.
BTW: It's Lesbian Licker Liberal Lightweight Lori Lightfoot.
Just for accuracy sake 'n all that.
Government 1) did support the faulty PCR test coded from CCP data in January 2020, 2) did adopt that faulty test Europe wide in February of 2020, 3) did spend massive amounts on such as (in the US) buying the global supply of remdesivir, 4) did subsidize "warp speed," 5) did decide for EUAs to be applied to still-expeirmental mRNA products as to shield companies for liability (which continues until today), 6) did print trillions in "stimulus" here and in Europe cayusing inflation, 7) did enforce the various lockdowns, 8) did enforce mask mandates of varying severities, 9) did attempt to mandate by regulatory action the uptake of the mRNA products, 10) did make public pronouncements almost daily about the pandemic, 11) did allow "unvaxxed" migration through the southern border while politicking for businesses and local entities to mandate the mRNA products, and more.
Some people worked in hospitals and clinics throughout the "worst" of the hysteria, and so came in closer contact with the ill than any office environment could boast. And many fo those medical professionals who refused the mRNA shots, were then fired. For not accepting the hysteria of "the virus did that."
You sent me off to a European site which I examined months back, in which was found overt denial of official data and significantly higher estimates for deaths than even the official sites, demonstrating their and your bias for Covid fear.
As of 24 April 2022,
( 6,217,641 "global deaths" / 7,891,809,240 global population ) x 100 = 0.079 percent mortality over 28 months. The "deadly" pandemic which "warranted" emergency drugs, mandates and lockdowns has been survived by 99.9 percent of the global population.
Sources -- https://coronavirus.jhu.edu/ and https://www.census.gov/popclock/
There is only "insane worship of the power of government" for the above many points, and your urging of those with differing points of view to further instantiate the SARS CoV2 "event."
Cases! Cases! Cases! Test! Test! Test! Fear! Fear! Fear!
And survived by 99.9 percent of the global population, according to all the official data from GOVERNMENT.
Groot!!
I think low office occupancy is rather a sign of paradigm shift in the way typical office jobs will be done in the future. The pandemic forced businesses to adopt remote work and with Internet access being ubiquitous and remote work tools like Zoom being readily available the transition to a remote workforce was easily accomplished technologically. Effectively managing a remote work force is in its infancy, but certainly this new style of management will adapt and mature.
What I see in the future is some hybrid where a minimal staff might occupy a small central office but the bulk of many office functions will be done remotely. This paradigm shift will fundamentally change cities. There will no longer be a need for big glass boxes of office space in central cities with a work force commuting to work from the suburbs. Instead offices will be smaller and easily dispersed to outlying areas where rents are cheaper. This will bring a decline in large central cities and could be a boon to suburbs and even shift corporate headquarters to smaller more livable cities in other parts of the country. Why maintain a large central office in expensive big cities like Chicago when technology would allow a relocation of core corporate staff to smaller cities like Sioux Falls, SD in lower tax and more livable states?
And, for the most part, they are. People who just can't get their work done from home are the type of people who can't do it at the office either. You will see them constantly chatting around the water cooling and calling (or attending) endless meetings in hopes the meetings will make the decisions rather than them.
While I still can't get out of all the meeting requests by working from home, I can at least put on a headset and work on things from my second screen whilst the meeting drones on. That is the beauty of it.
She’s just as ugly in 300 pixels as the supersize in post #8.
But that would involve scrapping leftist politics where homeless derelicts are treated like sacred cows and crime is not only tolerated but encouraged and subsidized.
I think the index on prices is misleading and a lagging indicator. Here in DC commercial buildings are definitely in decline with one recently traded for 42% less than the last sale. There was also a story about NYC and 5 buildings where landlords handed over the keys to the bank. Residential is still hot but office in major cities is at depression levels.
One problem with the remote work is the effect on businesses like mine that do no have the option of remote employees. Manufacturing. Pre pandemic I was able to provide “living wages” for people to be comfortable living in this small city. In the past two years I was basically shut down while every scrap of property was bought up. Little dumpy houses had gone up 200-300 thousand dollars in two years. Many bought for cash. They came from silicon valley and still make silicon valley money competing with the original core “natives” who worked in food, lumber, and manufacturing. Those are not portable jobs. The only time we saw Californians or Seatlleites was when they were on vacation. Now, they are moving in droves. They also bring their crap culture with them. Solutions? I don’t know. But soon these companies with the big offices will fill them with something. I predict the remote workers will be declared expendable, fired, and replaced with cheap immigrant imports who would be happy to live in downtown apartments commuting to an office downtown. After all, what bother is it to an Indian walking past feces and urine when the entire country of India smells like that already?
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