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Morgan Stanley analysts forecast something ‘worse than in the Great Financial Crisis’ for commercial real estate
Fortune ^ | 4/5/23

Posted on 04/05/2023 5:51:32 AM PDT by EBH

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To: ClearCase_guy

One of the issues is that you face circumstances in rural areas that don’t exist in dense populations area including slow internet if you can get it at all because they still use copper lines and a lack of cell service.

Fire insurance can be unavailable due to the distance to a fire dept. So don’t count on getting a mortgage if you can’t buy property straight out.

But wait! There’s more!

Have you considered some places have off the scale meth use with the attendant theft?


41 posted on 04/05/2023 10:36:09 AM PDT by meatloaf
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To: woodbutcher1963

I want to live in the observatory of the Empire State Building, where I will run my total legitimate evil empire.


42 posted on 04/05/2023 11:32:32 AM PDT by HYPOCRACY (This is the dystopian future we've been waiting for!)
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To: Be Free

You are looking at this from the company’s perspective.

Try revisiting it from the employee’s perspective:

—Commuting costs time and money
—On site supervision means greater control by management. Lots of folks would like more independence during their day.
—On site means lots of meetings—most of them stupid—many of them just ego stroking exercises for managers
—On site means more claims of sexual or other harassment—why take the risk.
—On site often means noise levels are high—who needs that?
—On site in cities means a risk of crimes against person and property. Who wants to deal with that?

I am retired now, but I would gladly have turned down promotions if it meant I had to be in the office every day.

I was allowed to work mostly at home in the last few years of my employment—once you have done it going back to the office is just unthinkable.


43 posted on 04/05/2023 11:38:37 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: woodbutcher1963

Broke banks owning a bunch of buildings without tenants. Probably doesn’t bode well for the banks’ ledgers’ assets.

The government has the money to bail them out...the great reset will adjust values on everything.

Gonna be painful for all.


44 posted on 04/05/2023 12:38:37 PM PDT by Blue Collar Christian (I'm a nationalist. I'm white. How does that make me racist?)
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To: EBH

This has been absolutely predictable since they started the scamademic.


45 posted on 04/05/2023 12:46:43 PM PDT by zeugma (Stop deluding yourself that America is still a free country.)
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To: cgbg

Of course I’m looking at it from the company’s perspective. It is their company; their hiring/firing decision; their job that they are creating and making available. If the employee does not like the conditions of employment, they’re free to work somewhere else that comports with their sense of obligation to their employer.

I’ve worked in both office and home-office situations. I personally loved working at home. As you note, I had no commute, lower personal expenses, and certainly fewer B.S. meetings (except annual “compliance” calls we had to sit through, remote or not). I also was more productive. But I also knew the employer could change their mind on this arrangement at any point, and I’d have to conform.


46 posted on 04/05/2023 1:59:04 PM PDT by Be Free (When guns are outlawed, only outlaws will have guns.)
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To: EBH

NYC offices have started to move to Charlotte.


47 posted on 04/05/2023 2:18:32 PM PDT by eyedigress (Trump is my President!)
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To: cgbg

You can also work a side gig from home. Which is what a lot of people are doing.


48 posted on 04/05/2023 3:16:55 PM PDT by HYPOCRACY (This is the dystopian future we've been waiting for!)
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