Posted on 12/05/2022 9:11:44 PM PST by SeekAndFind
Hmm. This is the exact opposite of what the Deep State elites want.
Hmm. This is the exact opposite of what the Deep State elites want.
= = =
they were supposed to weld them into their office buildings.
Too late.
"Step right up - get randomly beaten and win a prize"
This is why you see the big banks as some of the biggest cheerleaders for forcing employees back to the office. Who do you think holds all these commercial real estate loans and what happens when the property used as collateral for these loans is suddenly worth much, much less than these banks valued it at when they made the loans?
No mention of the possibility of “peaceful” demonstrations that add so much [sarc] to urban centers...Apparently not a concern worth mentioning...
Other cities like San Francisco is so woke that they refuse to arrest criminals. Separate issue. I bet Atlanta and Charlotte are both back to normal but will have to check the vacancy tree rate of their office buildings. Texas and Florida are thriving as we know.
“Much of their revenue comes from these areas so if they aren’t being utilized the city’s tax base is shrinking and that means fewer resources to deal with problems (homelessness, crime) that are also plaguing cities.”
They have it backwards.
Dittoes. What the cities caused with their lockdown idiocy has followed the Law of Unintended Consequences.
Get out your violins and play a sad tune.
This sounds an awful lot like what they used to call “white flight”.
The article is about office buildings…. They ..not residences. .
.
.
“More on the ‘urban doom loop’”
Doom loop?? So now folks should feel guilty about working from home and otherwise economizing? Hell with that. I thought Hot Air was better than that, but it’s become just another yellow journalism blog.
Exactly.
They completely miss the fact of the deep state, soft on crime, coddle the criminals policies and that nobody wants to be the next target.
Buyers with deep pockets who can swoop up NYC’s commercial properties and convert them into luxury residential housing will do very well.
There is no mention in the article on the savings employees get in time, fuel, and child care working from home.
“... what happens when the property used as collateral for these loans is suddenly worth much, much less than these banks valued it at when they made the loans ...”
A bit off-topic but this scenario is going to part of the Ds attack on PDJT’s tax situation, that his properties are overvalued so his tax bill deductions are over-stated. Hence he is cheating the tax man.
St. George of Fentanyl a.k.a. “Mr. Hooper”, didn’t help matters.
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