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05-13-2020, 02:42 PM
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#1
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,651
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I was talking about this since day 1...glad to see others coming around
https://dnyuz.com/2020/05/12/manhatt...omes-the-norm/
Quote:
But now, as the pandemic eases its grip, companies are considering not just how to safely bring back employees, but whether all of them need to come back at all. They were forced by the crisis to figure out how to function productively with workers operating from home — and realized unexpectedly that it was not all bad.
If that’s the case, they are now wondering whether it’s worth continuing to spend as much money on Manhattan’s exorbitant commercial rents. They are also mindful that public health considerations might make the packed workplaces of the recent past less viable.
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Yeah...no shit...if you're into commercial real estate, COVID-19 has basically ruined that sector of the economy forever IMO
It was probably going to happen eventually...but this just accelerated the process.
Last edited by PaceAdvantage; 05-13-2020 at 02:45 PM.
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05-13-2020, 03:12 PM
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#2
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$2 Showbettor
Join Date: Dec 2013
Location: The Villages
Posts: 2,578
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The reason people like to live and work in NYC is because of the restaurants, sports areanas, theaters, erc., as well as the public transportation.
If people cannot use those safely, then, commercial rents will be the least of their problems.
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05-13-2020, 03:12 PM
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#3
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Registered User
Join Date: Sep 2007
Posts: 4,149
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Quote:
Originally Posted by PaceAdvantage
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My colleagues and I were discussing this article today, most of us want more telecommuting though some not too crazy. This will be a big, big deal. Here's another company changing;
https://fortune.com/2020/05/11/perma...e-fortune-100/
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05-13-2020, 03:33 PM
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#4
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Is there a chiropractor in the house?
Hold on there, big guy, you don't want to get a stiff neck from patting yourself on the back.  
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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05-13-2020, 03:35 PM
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#5
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,651
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Quote:
Originally Posted by barahona44
Hold on there, big guy, you don't want to get a stiff neck from patting yourself on the back. |
Nothing to pat.
It's all common sense...like it's always been.
It's the naive among us who thought, when this all started, it's just a giant party and excuse to binge NetFlix...then everything will get back to normal after a few weeks.
GIANT
ECONOMIC
REPURCUSSIONS
you have no idea...still...and neither do I...
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05-13-2020, 03:48 PM
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#6
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Quote:
Originally Posted by PaceAdvantage
Nothing to pat.
It's all common sense...like it's always been.
It's the naive among us who thought, when this all started, it's just a giant party and excuse to binge NetFlix...then everything will get back to normal after a few weeks.
GIANT
ECONOMIC
REPURCUSSIONS
you have no idea...still...and neither do I...
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Would you be shocked to know that I agree with most of what you have written re: this problem ( sans the hysterical tone, natch)?.Nothing good, bad or indifferent lasts forever, however.
And I don't have Netflix. 
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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05-13-2020, 03:57 PM
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#7
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Today's highrise office towers are tomorrow's ghost towns!
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05-13-2020, 05:19 PM
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#8
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,887
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And people will soon realize that college tuition is 100% RIDICULOUS and having a brick and mortar school is not required for much of it.
Same for business travel.
In fact, the internet is proving itself to be a damn good replacement for a lot of things we used to think important.
WE should provide FREE internet to all, including Zoom-like software.
What's another tril or two? 
__________________
Who does the Racing Form Detective like in this one?
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05-13-2020, 05:43 PM
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#9
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Registered User
Join Date: Jan 2008
Location: Kentucky
Posts: 1,069
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Quote:
Originally Posted by Tom
And people will soon realize that college tuition is 100% RIDICULOUS and having a brick and mortar school is not required for much of it.
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I tell my professor neighbor that if it is this easy to set up distance learning then how long till we realize that the world only needs one intro to poetry professor for the whole country.
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05-13-2020, 05:48 PM
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#10
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Registered User
Join Date: Mar 2020
Posts: 324
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Quote:
Originally Posted by baconswitchfarm
I tell my professor neighbor that if it is this easy to set up distance learning then how long till we realize that the world only needs one intro to poetry professor for the whole country.
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You can learn just about anything for free by using the internet, youtube, or your local library -- if you've got the motivation.
A college degree only proves to your employer that you finish what you started.
If you're an entrepreneur you're better off saving the $100k or $200k you'd spend on college and putting it into your business. Plus, if you go bankrupt you can walk away from your debts. If you go bankrupt with student loan debt you still have to pay it back.
The best thing about college is the social interaction and the networking -- especially if you go to an Ivy League school. Then it's all about being a member of the club. Just having an Ivy League degree will open up doors.
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05-13-2020, 05:50 PM
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#11
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Registered User
Join Date: Mar 2020
Posts: 324
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Quote:
Originally Posted by PaceAdvantage
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NYC real estate is cyclical. It will come back. It's still the most desirable city in the world. The cure for low prices is low prices.
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05-13-2020, 07:29 PM
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#12
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
Originally Posted by PaceAdvantage
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And we probably can say good-bye, too, to movie theaters -- perhaps even to the performing arts altogether.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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05-13-2020, 07:42 PM
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#13
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Another thing, guys: This has to be the demise of the porn industry. Sex by social distancing ain't goin' to cut it for most. And face masks? Really? All those out of work porn stars are going to have find real work. 
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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05-13-2020, 08:28 PM
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#14
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Registered User
Join Date: Jun 2009
Posts: 14,569
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Quote:
Originally Posted by boxcar
perhaps even to the performing arts altogether.
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Pretty rich, considering the politics of the source. 
__________________
Want to know what's wrong with this country?
Here it is, in a nutshell: Millions of people are
pinning their hopes on a man who has every
chance of returning to the WH, assuming that
he can manage to stay out of prison. Think about it.
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05-13-2020, 10:00 PM
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#15
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Registered User
Join Date: Mar 2020
Posts: 324
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Quote:
Originally Posted by boxcar
Another thing, guys: This has to be the demise of the porn industry. Sex by social distancing ain't goin' to cut it for most. And face masks? Really? All those out of work porn stars are going to have find real work. |
If HIV didn't stop them then covid is not going to stop them
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