- Jul 1, 2019
- Reaction score
The real estate groups that are over-leveraged definitely. The new construction buildings might not be able to service there loans. The suburban office parks are finished. (Thats like working from home anyway)I played golf with a guy heavily involved in the commercial real estate insurance business today and he thinks commercial real estate is toast. He's not even sure he's even going to go back into an office ever again himself. Every company is suddenly realizing they don't need a massive centralized physical presence.
Places like Boston and NYC could be in for a radical change in the next five to ten years.
The core of NYC and Boston will always be desirable in my opinion for the right price and if you don't bring people together you do-not innovate. Expect a massive consolidation and price deflation in rents but I think the city will survive in the future and possibly flourish under new valuations.
The bailouts to the bankers will be looking for hardcore assets to buy up. That money creation will steal the rest of the equity or capital from existing owners/investors in those asset buildings in the city thanks to the generous money printing schemes by the FED.
Corporations that believe working from home and zooming their employees don't understand the MIT/Biotech model explosion in Kendall square. The only reason biotech/robotic sector has exploded is because of innovative minds at MIT.
If you start to think you can run your business alone without other peoples ideas and thoughts you will soon find yourself outdated.
The manufacturing base will be coming back home also from a communist regime--- I actually think the economy will take a hit for a year or two pretty bad---but America will become self-sufficient in manufacturing which will create a demand in industrial buildings and manufacturing jobs.
That was not a rant it was a fact---that our elected and past leaders chose to allow corporations to outsource manufacturing to a communist regime which has allowed the current situation of the Covid-19 to sacrifice over 100,000 American lives and shutdown the country. This is the Covid-19 thread right? I really don't believe my post was out of line compared to the opinion of Meddlepal "I played golf with a guy heavily involved in the commercial real estate insurance business today and he thinks commercial real estate is toast " My post was opinion based just like his.
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