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CRE Storm? “Nobody Understands Where Bottom Is” For Commercial Real Estate (Fed STILL Slow To Remove Monetary Stimulus)
Confounded Interest ^
| 07/24/2023
| Anthony B. Sanders
Posted on 07/24/2023 3:43:34 PM PDT by Kaiser8408a
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To: montag813
The safest places for “refugees” are farms.
For their safety, they should never be lodged in urban hotels.
21
posted on
07/24/2023 6:40:38 PM PDT
by
Brian Griffin
(“Miserably inadequate” people generally vote Democratic.)
To: BobL
22
posted on
07/24/2023 6:50:25 PM PDT
by
Reeses
(Artificial Intelligence is better than Low Intelligence.)
To: PAR35
Some people moved to the city center so they could sleep in and walk to their jobs. If the jobs are remote that attraction goes away. There are still folks that like walking to the bars . Only at the very high end of income earning. People haven't been able to afford living in a viable city for 50 years, especially if they hoped to raise a family.
Commercial real estate in cities has been marked for demise for a century. Too many industries require horizontal building expansion, high ceilings, and large open areas.
Cities were built around boats and some rail lines. The automobile, the telephone, and the computer have made them a lesser option compared to large plants and corporate campuses.
To: Kaiser8408a
In the early 21st century we reached "peak urbanization". Historians looking back over the 500-year period centered on the 20th century will see rural/village life at the ends with this mad urban peak at the center. The difference will be that 18th century villages were basically market towns surrounding labor-intensive farms. By contrast, "villages" at the end of the 22nd century would look to our eyes like vacation resorts filled with every imaginable luxury and convenience along with plenty of nature and permeated by technology that has all but disappeared from view.
The traditional "city" and its urban office landscape is being swept away by unstoppable forces and it isn't coming back. It will be a series of collapses amid a constant backdrop of death by a thousand cuts.
24
posted on
07/24/2023 7:46:03 PM PDT
by
AustinBill
(consequence is what makes our choices real)
To: AAABEST
25
posted on
07/25/2023 4:31:52 AM PDT
by
Joe Brower
("Might we not live in a nobler dream than this?" -- John Ruskin)
To: T.B. Yoits
About half of downtown Dallas was empty for about 20 years, some of the towers longer than that. One department store became a college campus, another was repurposed to governmental office space (despite all the vacant office space - I wouldn’t dig too deep into that deal). Most of the properties were eventually converted to residential; the original LTV tower was split between residential and a Hilton Garden Inn. Three midrises were demolished; two became parks, the other incorporated into a church campus.
Meanwhile highrise construction continues outside the downtown core.
26
posted on
07/25/2023 12:43:13 PM PDT
by
PAR35
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