31–40 of 44 posts
This must be really hurting influential wallets.
"We didn't mean THAT when we said disruption." Adapt or die, economy. And get used to it, the disruption has hardly gotten started.
How does the “economy” measure the billions of hours that are no longer wasted in commuting? The $millions not wasted on gas? The decrease in pollution? The increased quality of life of millions of remote workers who spend the extra hours working out, doing yoga, preparing healthy meals or spending a bit more time with family? Or, you know, working a bit longer for their employer? If landlords’ profit is the only mea…
Anybody who tells you the economy is good or bad is priming you for some other form of propaganda.
Earlier quoted context omitted.
"Society" can't solve anything. The vast majority of our problems are from people trying to solve crap from a top-down perspective - and failing. As others point out just let the markets rebalance. Building bankruptcies were always going to happen - even before the virus many urban areas had out of control office building. I was in the metro DC area for 20 years there were buildings never occupied along the Dulles te…
When you say "let the markets rebalance," do you mean in the way Western governments used to before the Great Depression, say during the 19th and early 20th centuries? Do you realize how horrific the panics of 1818-19, 1825, 1837, 1847, 1857, 1866, 1869, 1873, 1884, 1893, 1896, 1907, 1914 were, in both the US and Europe? And after all those horrific panics, the old systems led to the Great Depression, 1929-1939. Is t…
How does the “economy” measure the billions of hours that are no longer wasted in commuting? The $millions not wasted on gas? The decrease in pollution? The increased quality of life of millions of remote workers who spend the extra hours working out, doing yoga, preparing healthy meals or spending a bit more time with family? Or, you know, working a bit longer for their employer? If landlords’ profit is the only mea…
It's not "becoming" a major risk. It already is a major risk: * As long-term office leases expire, more tenants are giving notice of non-renewal, because they don't need as much space anymore. * Many office buildings cannot fulfill their monthly debt service obligations if tenant collections drop below ~80% leased, give or take, at the old $/sqft. * Many regional banks are loaded up with loans to office buildings lik…
This is going to sound rough, but who gives a fuck? How is it my obligation to pay money and waste my time sitting in traffic to prop up commercial real estate? Or banks? Local governments... Oh, poor local governments! The future is now and the pandemic showed that it's feasible to do a lot of the work remotely. Companies that jump on it will thrive, the ones that do not will slowly sink.
Earlier quoted context omitted.
We need to stop propping up the economy and let the natural cycles take hold.
“Natural”? There’s hardly anything natural about markets let alone the economy unless you believe in god’s hand, of course.