Yea, I had predicted that that the corporate office space (and commercial real estate) vacancy issue was going to be one of the BIG results of the lockdowns, due to the (so called) pandemic. In fact, it should have been a no-brainer. And, just something else you'll just about never hear reported in the main stream media. Including, the disparity between income and the cost of housing, which I think HAS to result in some kind of real estate market crash. The housing affordability thing has become a HUGE problem, as wage growth has not even come close to matching the spike in the cost of housing in much of the United States, which has been exasperated by many of the corporate, wall street, private equity, hedge fund real estate investors, and some other factors...
"A whole lot of people would love to see rents come down. This whole paradigm of rent being 50% of someone's income and banks saying that is normal is a recipe for lifelong poverty." -YouTube Viewer
"BlackRock just walking away from commercial real estate is a clear sign they feel like they are 'too big to fail.' They are setting up for a gov bailout - because they know they can. This is all the signal you need, to know something is wrong." -YouTube Viewer
"Old enough to remember bank CEOs admonishing people in 2008 for doing the exact same thing, walking away from their underwater houses." -YouTube Viewer
Crazy sh*t. But what else is new?
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