As we had long noted, it was the Geeks who were the first to fight the COVID War by ordering their employees not to come to work because they would get/spread the virus. Now, the Silicon Valley bonanza that they created with the dawn of the Internet Revolution has turned to dusk.
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TOP TREND 2023, OFFICE BUILDING BUST: INVESTORS BACK AWAY FROM DOWNTOWN PROJECTS
Remote workers have moved out of city centers. Now investors are following them.
Real estate trusts focused on investment in downtown areas are trading at less than half their pre-COVID levels, The Wall Street Journal reported. Lenders are demanding extra interest to make loans against office buildings; bonds to support New York City’s bus and subway system have a hard time finding buyers.
POLITICIANS CAN’T FIGHT HOMELESSNESS, CELENTE HAS SOLUTION
Housing First, the decades-old, bipartisan effort to provide no-strings-attached homes to the homeless, is under fire by conservative lawmakers who see the approach as outdated, rewarding bad behavior.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Office towers’ values are falling fastest in large, old-order urban centers such as New York City and San Francisco, Ann Walsh, Guggenheim Partners’ chief investment officer, told the FT.
ECONOMIC UPDATE – MARKET OVERVIEW
All the mainstream media, as illustrated in this week’s Trends Journal cover, are whores. Nothing more than Presstitutes who get paid to put out by their corporate pimps and government whore masters.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The transition to remote and hybrid work will drive U.S. office vacancies 55 percent above pre-COVID levels and leave 1.1 billion square feet of office space unused by 2030, according to a new study by real estate services firm Cushman & Wakefield.
TOP TREND 2023, OFFICE BUILDING BUST: MANHATTAN LOSING $12.4 BILLION A YEAR AS EMPLOYEES WORK FROM HOME
Manhattan’s commuter workforce is in town on Tuesdays, Wednesdays, and Thursdays, but thins out on Mondays and disappears on Fridays, according to Stanford University data analyzed by Bloomberg.
TOP TREND 2023: CELENTE’S HOMELESS SOLUTION
Homelessness is still a top concern in cities across the U.S., and with poverty, crime and government corruption accelerating across the planet, waves of immigrants flooding into safe-haven nations has—and will—make the homeless crisis worsen.
TOP TREND 2023: OFFICE BUILDING BUST
The collapse of the office real estate market, which we correctly forecast at the beginning of the COVID War in “Real Estate Dead? Time to Buy?” (14 Apr 2020), is entering a new phase that will accelerate through 2023.
AS FORECAST: BUSINESS OFFICE BUST BEGINS TO BITE
A battle is taking shape in the U.S. between office property owners and the cities where those buildings stand.