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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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<blockquote data-quote="vantexan" data-source="post: 5815869" data-attributes="member: 24302"><p>Liquidate? Who is going to buy property they can't rent? You are aware that a lot, and I mean a lot, of commercial buildings have less than 50% occupancy with many much less than 50%? Covid pushed a lot of companies into having employees work from home. They found they could operate just fine doing that and it was saving them serious money. The genie is out of the bottle. "60 Minutes" even did a segment on it a couple of weeks ago but this has been pointed out for over a year now. About the only option seems to be to turn these buildings into apartments and condos. Already happening. In NYC the only buildings that seem to be maintaining occupancy are the prestigious addresses in certain neighborhoods.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5815869, member: 24302"] Liquidate? Who is going to buy property they can't rent? You are aware that a lot, and I mean a lot, of commercial buildings have less than 50% occupancy with many much less than 50%? Covid pushed a lot of companies into having employees work from home. They found they could operate just fine doing that and it was saving them serious money. The genie is out of the bottle. "60 Minutes" even did a segment on it a couple of weeks ago but this has been pointed out for over a year now. About the only option seems to be to turn these buildings into apartments and condos. Already happening. In NYC the only buildings that seem to be maintaining occupancy are the prestigious addresses in certain neighborhoods. [/QUOTE]
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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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