3.4 million homeowners skip mortgage payments.

Billy Ocean

Duke status
Jan 7, 2017
19,330
2,636
113

post corona real-estate bubble here we come. Prices were way inflated to begin with
After a year of widespread work from home it won’t go back

people will then be freed from living within commuting distance to major hubs

the effects on real estate both commercial and residential will be interesting
 
  • Like
Reactions: Mr Doof and afoaf

PRCD

Tom Curren status
Feb 25, 2020
12,513
8,547
113
After a year of widespread work from home it won’t go back

people will then be freed from living within commuting distance to major hubs

the effects on real estate both commercial and residential will be interesting
It sounds like you want to bring back the household economy (oikonomos).
 

afoaf

Duke status
Jun 25, 2008
49,204
22,752
113
After a year of widespread work from home it won’t go back

people will then be freed from living within commuting distance to major hubs

the effects on real estate both commercial and residential will be interesting
I have been looking at going in on southwest stock on the basic assumption
that they have a good cash position to make it through this and operate key
commuter routes for business and short haul travel

that seems like demand that is low risk and reliable

but I have had the same general thought as the one you noted above, what
if companies realize that you DON'T need an office and you don't need to
have that big conference and you don't need to do in person sales calls....
 
  • Like
Reactions: Billy Ocean

Autoprax

Duke status
Jan 24, 2011
68,234
22,988
113
62
Vagina Point
Are these attribute substitutions taking place at a subconscious intuitive level?

I think there is a grey area between automaticity and knowing.
 

GWS_2

Miki Dora status
Aug 3, 2019
4,141
4,391
113
IF YOU WANT ECONOMY OPEN YOU WANT DEAD PEOPLE
I haven't heard anyone else say this, but if you destroy the economy to a certain level, there WILL be a death toll associated with that. People will lose jobs permanently, healthcare, insurance, homes, families will break, alcohol and drug abuse will increase, on and on and on.

Older workers that were heading towards retirement (15-20 years out) will NEVER be hired back. They're done. Employers will opt to use this as an excuse to eliminate them. This goes far enough, the level of crime and homelessness that seems likely is world changing. Young people just entering the work force will likely have serious problems getting jobs as well.

At this point, I don't know when you turn things back on, but at a certain point, it may be too late.

On a kind of related side note, there was a car observed parked along the coast highway north of Ventura. I was told the windows had all been broken out, the hood and trunk lids removed, the doors were apparently ripped off and the car was spray painted with "L.A. GO HOME!! FVCK SOUTHERS!" etc etc etc. A return to the old ways? Take your COVID19 and go home. Surf where you live bitches!
 
Oct 13, 2020
2
0
1
NY
My business is on the verge of collapse, but I would not recommend skipping your mortgage payments without speaking with your loan servicer.
 

Autoprax

Duke status
Jan 24, 2011
68,234
22,988
113
62
Vagina Point
Lockdown wasn't this issue.

Our execution was the issue.

That is what people should be pissed off at.

What you guys are mad at is our incompetent lockdown.
 
  • Dislike
Reactions: stringcheese