empty office buildings are prime real estate for gut reno into 10X10 WEF "smart city" cells. and no end to the data that can be mined and gambled on emanating from there.
Compounding this huge problem is crime. The pandemic years plus the leftist activism has resulted in empty commercial real estate in many downtowns, now plagued with drug-addicted homeless and associated crime. Everyone has heard about the tens of thousands of homeless in San Francisco, with their drug needles scattered everywhere, right? The same situation is now in many US cities, to a lesser extent, but just as entrenched. The cities’ governing bodies have been taken over by left-leaning people who will need to address crime before being able to revive the downtowns - but they are philosophically loath to take any of the hard measures necessary to end this crime! So any remedy is likely to take a long time, and meanwhile, all of the problems of devalued REITs you discuss will come true. I think we’re in for a long long recession.
As always, I so appreciate your efforts to give us hard data and sound analysis, Mr. Kust...
Indeed, barring a literal miracle of miracles, we are in for a very rough ride and a very hard landing in the very near future.
What do we do if/when petrodollar collapses? How should one prepare?
empty office buildings are prime real estate for gut reno into 10X10 WEF "smart city" cells. and no end to the data that can be mined and gambled on emanating from there.
Compounding this huge problem is crime. The pandemic years plus the leftist activism has resulted in empty commercial real estate in many downtowns, now plagued with drug-addicted homeless and associated crime. Everyone has heard about the tens of thousands of homeless in San Francisco, with their drug needles scattered everywhere, right? The same situation is now in many US cities, to a lesser extent, but just as entrenched. The cities’ governing bodies have been taken over by left-leaning people who will need to address crime before being able to revive the downtowns - but they are philosophically loath to take any of the hard measures necessary to end this crime! So any remedy is likely to take a long time, and meanwhile, all of the problems of devalued REITs you discuss will come true. I think we’re in for a long long recession.
As always, I so appreciate your efforts to give us hard data and sound analysis, Mr. Kust...