The locusts are coming.

[Snake]

One of the podcasters I listen to (Cecil Says) pointed out that companies have had a five month experiment in letting people work from home instead of making them come into offices.

Offices with very expensive floorspace.

This will probably go on for a few more months.

If it turns out the loss in productivity is smaller than the savings for not maintaining big office spaces, many companies might permanently abandon the large office.

What happens to New York commercial real estate then?

Meanwhile, retailers and restauranteurs are fleeing New York. One can imagine Shoppers Havens rising up in outlying towns.

New Yorkers will have to take a 90 minute car ride, or two and a half hour bus ride, to go to the stores. Like they do now when they want to go to Ikea.

Another pleasure of living in the city -- easy access to all the best stores -- will soon be gone.

And what happens to New York residential real estate after that? I spoke to a friend last night who told me that real estate in Rumson, NJ -- a tony suburb of New York -- is a gold rush market as everyone is buying houses to get out of New York City.

If many fewer people will be working in New York, and New York remains a diseased, riot-filled hellscape thus obliterating any social/pleasure reason to remain in New York -- what happens then?

These people are going to be abandoning the cities -- the cities that they themselves poisoned and killed with their socialist suicide impulse.

Unfortunately, they'll be swarming out of the cities to infect areas that aren't -- for now -- so dysfunctional and suicidal.

New Yorkers will mostly ruin New Jersey and Connecticut, which are hardly capable of being further ruined. (But give the hard left a chance...)

But they'll also be streaming to cities and states which are halfway functional, like Florida.

The locusts are coming.

http://acecomments.mu.nu/?post=389574

[Big Crappie]

I'm in a 3rd tier suburb of Minneapolis and have realtors  calling, emailing and mailing about my property more than ever. I've told 3 to bring be an offer I can't refuse. Hoping for a crazy as is offer.

[hayward]

5 hours ago, Big Crappie said:

I'm in a 3rd tier suburb of Minneapolis and have realtors  calling, emailing and mailing about my property more than ever. I've told 3 to bring be an offer I can't refuse. Hoping for a crazy as is offer.

but the economy was in the shitter.  Where's everyone getting the money for all these homes they're buying?