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More on the 'urban doom loop': Many Real estate experts believe the pandemic may have created a new normal, one that has major implications for our cities
Hotair ^ | 12/05/2022 | John Sexton

Posted on 12/05/2022 9:11:44 PM PST by SeekAndFind

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To: SeekAndFind

‘Normal isn’t coming back. But Jesus is.’


21 posted on 12/06/2022 3:07:30 AM PST by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
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To: SeekAndFind

The Office isn’t dead but it is dying. You simply do not need to go into the office for many white collar jobs. Companies are trying to lean on employees to at least accept a hybrid 2 days per week in the office arrangement. They know 5 days a week like before is out of the question. Experienced employees and those who have in-demand skills can and are refusing to accept anything less than 100% remote. Companies have had no choice but to accept.

Big, expensive (and invariably Leftist) cities are in big trouble. Why waste hours of your day not to mention the expense of commuting into a dirty, dangerous city when you don’t have to? Once you realize that is not necessary, the next step is why even live there at all? Many have already connected the dots and left. More will keep leaving. Their standards of living will rise significantly. Those cities will see their wealthy and power crash as this goes on.

Over time some of the more Left leaning voters who move out of the big cities may....just MAY...learn to do more for themselves and be more independent and less reliant on nanny government for everything.


22 posted on 12/06/2022 3:08:28 AM PST by FLT-bird
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To: Steely Tom

Oh but think of how good it is for the environment to not have all those people burning that dirty oil to commute into the office every day. You DO want to help Earth Mother Gaia don’t you?????

Save da Erf!

LOL!


23 posted on 12/06/2022 3:09:32 AM PST by FLT-bird
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To: montag813
Assuming crime levels remain high or even increase and cities fail to address the open air drug markets, aggressive panhandlers and general filth, cities like New York will degentrify. The office buildings in the business districts may become this decade's and the 2030s equivalent of the abandoned factories of the Rust Belt. The rehabilitated buildings and new apartment buildings will revert to slums.
24 posted on 12/06/2022 3:15:14 AM PST by Wallace T.
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To: Freedumb

I work for the big banks. Even they are having to accept hybrid schedules for their employees and for experienced ones....100% remote.

I had one (HSBC) I was playing footsie with about 6 months ago. The project I was going to work on got cancelled and I moved on and got a project with another bank. Then HSBC had another project that was similar they wanted done and started contacting me again (more experienced folks in the areas I do are not plentiful). I mentioned I took a contract with another bank 100% remote. They were stunned....”and they accept that???” (me living several states away from where the other bank is located). I said “Sure! They have no problem with it. Nor does (another big bank I was negotiating with).”

Most of them have figured out by now they’re just going to have to accept remote work if they want people with some of the experience and skills they are looking for. Otherwise they simply won’t be able to compete in the market for those people.


25 posted on 12/06/2022 3:15:21 AM PST by FLT-bird
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To: MinorityRepublican

I live here in Charlotte. The Banks are hybrid 2 days a week for most low level employees. They are 100% remote for more senior employees/contractors and those who have skills they really need which are in short supply.

Whether they like it or not, that’s the reality in the marketplace now.


26 posted on 12/06/2022 3:17:11 AM PST by FLT-bird
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To: drSteve78
Dittoes. What the cities caused with their lockdown idiocy has followed the Law of Unintended Consequences.

They wanted to destroy the economy in an effort to drive Trump out of office. Now the bill has come due and blue cities are abandoned, dystopian ruins.

27 posted on 12/06/2022 3:22:16 AM PST by Drew68 (Ron DeSantis for President 2024)
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To: Steely Tom

Diffusing power is a good thing. I am glad big, democrat run cities will suffer.


28 posted on 12/06/2022 3:25:43 AM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Drew68

Sucks to be a Blue City Mayor and Council Member these days. Hope they enjoy the SUCK that THEY caused.


29 posted on 12/06/2022 3:32:09 AM PST by OHPatriot (Si vis pacem, para bellum)
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To: SeekAndFind

Definitely agree here. Good reading. Minneapolis used to be a shining-civilized city. The decline started when Somailains started moving there.... Must be 150,000 of them by now. Few are gainfully employed and if they are it is by government or a government funded NGO.

Wracked by Floyd riots for days. Even 4 years ago, my image of Minneapolis was favorable and safe.


30 posted on 12/06/2022 3:37:15 AM PST by dennisw ("You don't have to like it. You just have to do it")
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To: FLT-bird

I see that as well, for particular skill sets in high demand. Those workers can apparently decide for themselves if they want to work remotely or not.

The problem for cities is that they preyed on those workers and their employers for tax revenues (NYC has a CITY income tax); while NJ workers of NYC companies working remotely are for the time being considered NYC employees for tax purposes, I’m sure some have officially switched to small NJ offices of their companies (still working remotely) to escape that tax trap.


31 posted on 12/06/2022 3:44:22 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: OHPatriot

Doesn’t bother them at all.


32 posted on 12/06/2022 3:46:14 AM PST by ClaytonForester
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To: SeekAndFind

This analysis seems plausible....time will tell.


33 posted on 12/06/2022 3:59:49 AM PST by Wonder Warthog (Not Responding to Seagull Snark)
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To: SeekAndFind
Smarter companies are reaping the benefits of a workforce from an area larger than they could previously recruit from. I work with companies that now have employees who could never work from the office because they're in different state and are not going to relocate.

The remote workers are far more skilled and experienced than the local workers. The biggest reason the local employees have fewer skills is that most of them are hired above their pay grade because the companies couldn't hire talent at those salaries and instead had to hire inexperienced staff.

34 posted on 12/06/2022 4:11:18 AM PST by T.B. Yoits
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To: T.B. Yoits

Yep. I think its foolish for companies to fight this trend. They get access to a vastly bigger talent pool - the whole country instead of just their local area. They also get to drastically reduce office expenses over time. The employees are much happier this way.

This is a good trend for the country too. Not only will this harm Blue cities especially, this will also spread wealth around a lot more. Lower cost areas will be particularly attractive to a lot of White Collar workers looking to maximize their standard of living. They will bring money into communities and spread it around as they live in various places and buy goods and services there.


35 posted on 12/06/2022 4:17:21 AM PST by FLT-bird
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To: T.B. Yoits

One long-term problem for remote workers is that their work can also be done from India, China, etc.


36 posted on 12/06/2022 4:19:29 AM PST by SauronOfMordor (The rot of all principle begins with a single compromise.)
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To: SeekAndFind

Bookmark


37 posted on 12/06/2022 4:19:50 AM PST by jimjohn (We're at war, people. Start acting like it.)
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To: SauronOfMordor
One long-term problem for remote workers is that their work can also be done from India, China, etc.

Any work that could have been outsourced overseas was already done starting decades ago.

38 posted on 12/06/2022 4:25:47 AM PST by T.B. Yoits
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To: SeekAndFind

The pandemic allowed the reality to surface.......... cities are obsolete. Proof is to be seen in what was Deeetroit and Baltimore.

That reality is dawning in Los Angeles, San Francisco and Portland heavily dawning in Portland and San Francisco where what once was in now missing. The empty shuttered buildings are evidence of what was


39 posted on 12/06/2022 4:34:03 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: dennisw

A gift from obama that keeps on giving.


40 posted on 12/06/2022 4:46:48 AM PST by bigfootbob (Arm Up and Carry On!)
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