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The Remote-Work Revolution Has Wiped Out $453 Billion In Commercial Real Estate Value
Nation and State ^ | 12/08/2022 | Tyler Durden

Posted on 12/08/2022 9:28:44 PM PST by SeekAndFind

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To: dangus
Of course, you picked Blackstone because Blackstone is evil. You might find that there are a lot of people around here who don’t regard EVERY big-money, big-city billionaire residential real-estate developer to be evil.

I see Blackrock as more evil. Blackstone no.

41 posted on 12/09/2022 8:54:12 AM PST by montag813
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To: Golden Eagle

NEXT-—Government will be demanding that open spaces be given to HOMELESS.


42 posted on 12/09/2022 8:57:25 AM PST by ridesthemiles
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To: Larry Lucido

BEST CHRISTMAS OF ALL TIME, IMO.


43 posted on 12/09/2022 8:59:51 AM PST by ridesthemiles
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To: montag813

Oh. I mixed them up.


44 posted on 12/09/2022 9:21:35 AM PST by dangus
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To: sit-rep

:-)

I know you. You’d stop and lay ceramic tile to make the floors suitable for walking on.


45 posted on 12/09/2022 9:30:54 AM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: Cen-Tejas
One of the smartest decisions I made in 2020 was to close down my company’s office and go to a 100% work-from-home model. Not only did it save us a fortune in office rent, but it enabled me to relocate to a semi-rural area where my large detached home costs me less than a two-bedroom condo in my old location.

Interestingly, the cost savings was a small part of my decision. What really drove this decision for me was the abject idiocy of doing business in any jurisdiction where a governor or mayor could simply declare my business “non-essential” and tell me I had to close it down for an indefinite period of time. No ‘effing way was that ever going to happen.

46 posted on 12/09/2022 9:37:59 AM PST by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Sirius Lee

Ties are joke from my perspective. An outdated stupid ribbon men use to wear around their necks. I look at ties nowadays as outdated, archaic fashion nonsense. I don’t want to look like my head is popping out of gift or package tied with a ribbon. All I wore for years was just sports coat, as casual as possible and 98 percent of the time, never a stinking tie.


47 posted on 12/09/2022 9:38:28 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Alberta's Child

BS Covid travel regulations imposed by Trudeaus cabal of socialist/marxists “controllers” kept me out of Alaska (and Alberta) for two years. So, I have REAL sympathy for what you are saying.

There’s probably hundreds of thousands of people like me. If so, imagine how much lost revenue that cost small businesses in Canada. Like me, they just stayed home and didn’t spend millions/billions in Canada during the scamdemic.


48 posted on 12/09/2022 9:58:49 AM PST by Cen-Tejas
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To: SeekAndFind

Good read.


49 posted on 12/09/2022 10:07:46 AM PST by FryingPan101 (God bless you, Jim.)
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To: Vaden

I won’t argue your point, because it is a bit different from what I was saying. Young people (not data just opinion) seem satisfied with smaller living spaces. They have no interest in dusting Grandma’s antique bird collection.


50 posted on 12/09/2022 11:06:48 AM PST by pnut22
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To: SeekAndFind

Easily converted to residential.


51 posted on 12/09/2022 11:12:03 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: Flick Lives

They’ll need to find other work or different businesses. Millions working from home is not going anywhere...If anything, it will expand to millions more doing the same.


52 posted on 12/10/2022 1:40:03 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: SeekAndFind

As I predicted in April 2020. The ripple effect of this will be felt for decades


53 posted on 12/10/2022 1:41:18 PM PST by Fledermaus (It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna!)
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To: Tabusocial

They’ll want to come back eventually. Remote work can de unproductive and there are a myriad of issues tech problems. Can’t control access to their servers with so many remote workers using different providers.

My wife has issues at home weekly with spam. And the constant password changes are getting ridiculous.


54 posted on 12/10/2022 1:45:43 PM PST by Fledermaus (It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna!)
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Comment #55 Removed by Moderator

To: Fledermaus

Some of us have to come back. My telehealth care business is now being forced to return to a physical space. The problem is, huge buildings now sit empty and there is no small office space to rent — at ALL. No one owns the buildings now, except the banks I suppose.


56 posted on 03/09/2023 6:20:02 AM PST by LibsRJerks
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To: SeekAndFind

The scandemic converted many workers into work-from-homers. Now that the plague is receding, former commuter-workers don’t want to return to the democrat hunting grounds. So now the Bidet administration is proposing to relocate the hunter-class into suburban bedroom communities, reuniting the once prey, with their adversaries. Things will escalate.


57 posted on 03/09/2023 6:30:52 AM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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