Cities fear an economic doom loop as offices sit empty

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  • Опубліковано 21 лис 2024

КОМЕНТАРІ • 117

  • @Spades41023
    @Spades41023 6 годин тому +42

    I, for one, welcome the Doom loop if it means I stand a chance at having lower rent

    • @AgingStudent
      @AgingStudent 4 години тому +1

      Preach

    • @plantsplantz2116
      @plantsplantz2116 40 хвилин тому

      Their map is soooo off with where San Francisco is actually located in CA
      They have San Francisco all the way up in Eureka lmao😅

  • @uhhmon319
    @uhhmon319 6 годин тому +35

    Coming back to the office isn’t the answer. Adaptation is

    • @drayne3750
      @drayne3750 15 хвилин тому

      Yes companies should lay you off to be replaced with AI

  • @MeoMiyo
    @MeoMiyo 6 годин тому +42

    Stop building out, rebuild inner cities.

  • @barbm8822
    @barbm8822 4 години тому +20

    I like the residential conversion idea but limit the luxury condos. No one can afford it.

  • @Tex_actual
    @Tex_actual 7 годин тому +21

    I mean I do feel bad for them but remote work is something that should have put in place years ago. The economy will adapt.

    • @SuperMogul
      @SuperMogul 3 години тому

      But if you look at the numbers. Working from home isn't productive. Working from will be cut dramatically.

    • @mexifry222
      @mexifry222 Годину тому +1

      Oh shut up. Productivity is fine

    • @emperium108
      @emperium108 Годину тому

      ​@SuperMogul my company literally rewards people who are more productive/meeting their targets with "gasp" more work from home days. If anything that is as good a motivation as any to remain productive.(that is about 3 additional hours for me every day not commuting)

  • @takpower1
    @takpower1 7 годин тому +24

    Good turn those office into homes for low income individuals

    • @AquarianNomadic
      @AquarianNomadic 7 годин тому +3

      Turn it into a ghetto??
      😂😂😂😂

    • @takpower1
      @takpower1 7 годин тому

      @ sure fool that’s what I meant

    • @ranelgallardo7031
      @ranelgallardo7031 4 години тому

      @@AquarianNomadicthey gotta live somewhere.

    • @dv8smr
      @dv8smr 2 години тому +3

      The rich don't want poor people downtown. They want to live in a world of suits and flash cars. Regular people ruin that vibe.

    • @AquarianNomadic
      @AquarianNomadic 2 години тому

      @@ranelgallardo7031 The streets.

  • @HagiaFantasia
    @HagiaFantasia 3 години тому +7

    Turn them into apartments or into a mall, get innovative and creative

  • @AgingStudent
    @AgingStudent 4 години тому +8

    Housing housing housing for actual, present humans....no second homes, luxury homes or vacation homes

  • @twentypandora96
    @twentypandora96 4 години тому +9

    Empty Office buildings = More Homeless Shelters/Affordable Housing

    • @cdlu2.028
      @cdlu2.028 25 хвилин тому

      U live there.

  • @Deathscroll41
    @Deathscroll41 5 годин тому +14

    If the housing isn't affordable, I won't care. They buildings will remain vacant.

  • @relighg
    @relighg 4 години тому +6

    People still want to go out but companies need to understand that there's no turning back in this new model. One of the things I think will be effective is merging a part of residential and commercial space together

  • @hoklau1936
    @hoklau1936 2 години тому +2

    The fisherman who follows the fish will always have a catch. The one who sits and waits for the fish to come will go home empty. Stop complaining and trying to fight change. Follow it.

  • @ng28
    @ng28 5 годин тому +10

    That San Francisco graphic is way off - that is pointing to Eureka lol

  • @4yellowwolf
    @4yellowwolf 2 години тому +3

    Working from home is better for peoples mental health! Why not turn those empty office spaces into affordable housing ?!?

  • @wysiwyg88888
    @wysiwyg88888 7 годин тому +9

    Its called evolution. Nothing wrong with that.

  • @AgingStudent
    @AgingStudent 4 години тому +3

    Sooooo.....people need housing. That should be the priority.

  • @NazcaMummies
    @NazcaMummies 7 годин тому +7

    San Francisco's vacancy rate for corporate offices is actually at 37%

  • @sherylchapman4168
    @sherylchapman4168 7 годин тому +14

    So convert the empty spaces into apartments, rezone for residential, mixed use space. Or convert into pickleball courts

    • @thomasdarling2553
      @thomasdarling2553 7 годин тому +3

      Yeah, the plumbing, electrical and HVAC systems tend to be quite different between condos and office space

    • @Stoneface_
      @Stoneface_ 6 годин тому +1

      It's extremely difficult to convert offices into apartments.

    • @SplyBox
      @SplyBox 6 годин тому +2

      @@Stoneface_ But not impossible

    • @Stoneface_
      @Stoneface_ 5 годин тому +1

      @@SplyBox but too costly

    • @jamey6218
      @jamey6218 5 годин тому

      @@Stoneface_ not at the right price. office values have to fall much more though.

  • @user-bc6ll5mt4j
    @user-bc6ll5mt4j 7 годин тому +17

    cities were already less desirable to live in, thats why people are choosing to work remotly elsewhere instead of working in a city. Cities are over crowded, expensive, noisy, dirty, dangerous. Why would anyone want to live there.

    • @YouTubeUserCMXVIICDI
      @YouTubeUserCMXVIICDI 7 годин тому +10

      Cities are exciting, dynamic, efficient, and interesting places to live which provide ample opportunity to work and live without spending endless hours in traffic jams. Most haven't been dirty or dangerous in the past decade or two.
      But if you prefer to live in a suburban hellscape, where kids can't go anywhere without you driving them everywhere, and getting a gallon of milk from the store takes an hour, you're free to do so.
      Eventually you're going to stop getting a free ride when government is forced to tax that ungodly carbon footprint

    • @jamey6218
      @jamey6218 5 годин тому +1

      @@UA-camUserCMXVIICDI not all suburbs are the same. nor are cities. i like both. cities would be much more appealing if they actually spent tax dollars on things that benefit residents.

    • @AgingStudent
      @AgingStudent 4 години тому

      Hi Russian bot

  • @JasonGillian-n2b
    @JasonGillian-n2b 6 годин тому +6

    Rising Crime, needles on street, traffic, hours stuck in commute. Cities did it to themselves

  • @Michael-e6d1i
    @Michael-e6d1i Годину тому

    Where will CEO's go to have extra-marital affairs with their secretaries if we get rid of offices ???

  • @HappyHappy-sq4ij
    @HappyHappy-sq4ij 6 годин тому +5

    ABC’s energy around a strong economy is changing now that the election is over

  • @thirdeye3152
    @thirdeye3152 5 годин тому +3

    Uh maybe turn them into condos

  • @heavenfromabove
    @heavenfromabove 16 хвилин тому +1

    Coming into the office is an economic conspiracy. I'm convinced.

  • @stephenyoung2742
    @stephenyoung2742 5 годин тому +7

    Plenty of idle motels/hotels and business building sitting empty convert to housing for low income!

  • @CoolHand273
    @CoolHand273 6 годин тому +2

    Cities are always boom and bust and people for the most part are sheep. Once something new is created that makes cities hip again people will flock in until there is another crash.

  • @NeverHaveKids
    @NeverHaveKids 7 хвилин тому +1

    To all the uneducated fools saying “just convert to housing.” For many buildings, you CANNOT. Office buildings are built with big central cores, central power, central plumbing, and open interior spaces. This is fundamental structure that starts at the bedrock and runs to the top of the building. This is INCOMPATIBLE with residential unit living; most office builds violate every fundamental life and safety *residential* building code book. You need proper water and sewage to each unit. You need HVAC. You need multiple power and data lines to support lighting, cooking (240 volt lines), air handling. And you also need a TOTAL DEMOLISHING of the base systems including hot water boilers, the plumbing stack, generators and backups, even things like door and access security. The costs to undertake this retrofit CAN, and OFTEN DO, greatly exceed the cost of simply demolishing the building and starting from scratch with proper heavy residential construction, starting with a diffuse residential core, foundation, and spire constructed for residential living and safety. Bottom line, bunch of total morons commenting “just turn it residential.”

  • @paulcolbert8576
    @paulcolbert8576 3 години тому +2

    Convert it all into affordable housing

    • @cdlu2.028
      @cdlu2.028 23 хвилини тому

      U live there!

  • @kittymogulco
    @kittymogulco 34 хвилини тому +1

    What an economic reset. The pandemic shifted everything.

  • @pauldannelachica2388
    @pauldannelachica2388 2 години тому

    Why do you need tall buildings for employees when you Can have AI agents and a few human overseer

  • @aaronnava2985
    @aaronnava2985 2 години тому

    Yeah. Some how people cant afford rent but these large buildings are all empty.

  • @texasscifi3431
    @texasscifi3431 5 годин тому +1

    The crime in san fran and homelessness have killed the citys core

  • @CPAgamer313
    @CPAgamer313 Годину тому

    I think New York should raise property taxes and use that money to turn those buildings into high-rise luxury apartments for all the migrants that are going to come there to take advantage of the sanctuary city. Unfortunately I don’t live here anymore, but if I could help, I’ve definitely would

  • @thebookkeeper0851
    @thebookkeeper0851 40 хвилин тому

    I think cities need to rethink the economy for the future rather than enforcing employs back to the office as solution.

  • @oldsenpai4337
    @oldsenpai4337 Годину тому

    focus on rebuilding the inner cities, covert vacant office buildings into housing/small shops/stores, etc. stop expanding outward and build upward/fix the interior cities.

  • @drayne3750
    @drayne3750 11 хвилин тому

    Remote workers should be paid less. You are not productive. Do not act like you are

  • @floofdecat
    @floofdecat 27 хвилин тому

    Businesses complain like they’re entitled to money from employees who used to commute. You’re simply not.
    You were fortunate that you had a successful business model. Circumstances changed. Time to adapt which honestly you should have done in 2020 rather than waiting for things to return to 2018.

  • @prashanthb6521
    @prashanthb6521 3 години тому

    Stop real estate mafia !

  • @jacquelynemartin6353
    @jacquelynemartin6353 3 години тому +1

    doh convert to housing if they r not being rented for business there is a housing shortage is there not

  • @PGVEL
    @PGVEL 48 хвилин тому

    We need to evolve. Going back to office to keep downtown alive is not the answer. Rural areas need to develop as well. Work from home is better for entire country mostly rural areas.

  • @MrBerndvonfunk
    @MrBerndvonfunk 2 години тому

    It's all about productivity. When the economy heats up and metrics are brought back to the work place, bean counters will determine the work landscape.

  • @InternacionalBoxing
    @InternacionalBoxing 6 годин тому +2

    The Great Society

  • @Just-Human
    @Just-Human 16 хвилин тому

    I moved out of the city and got paid more to do remote work. I have way more money now.

  • @JimBarcelona
    @JimBarcelona 2 години тому

    Meanwhile in Singapore, Bangkok, and Hanoi zero doomloop issues. Digital nomad is the way to go if you want to meet people IRL that aren't awful US commuter yuppies. I know, I used to be about all that fake life. To that guy in the beginning, your workers aren't responsible for your bad real estate decisions.

  • @TheRoblove11
    @TheRoblove11 3 години тому

    I don't really see that here in NY. If you browse job openings here in NY, you would be lucky to come across a small handful of remote jobs and those are usually telecommuting, not office work jobs. Remote work was available quite a bit up to 2022, but since then they have become scarce. Almost all jobs are in-office and onsite, with some hybrid (1 or 2 day remote) roles.

  • @ljmorris6496
    @ljmorris6496 57 хвилин тому

    It's poor planing (not for the bar owner necessarily). Futurist predicted in the '60s that remote work was coming by the '90s. By the later '00s many jobs could have been done remotely. CV19 just spead it up...

  • @jamesmooney8933
    @jamesmooney8933 Годину тому

    NYC is going to ask for a bail out from Trump

  • @KreweOfBridge
    @KreweOfBridge 6 годин тому

    Give the people what they want.

  • @TheHeartMadeOfStone
    @TheHeartMadeOfStone 3 години тому +2

    Turn it into affordable housing!

  • @boatymcboatface18
    @boatymcboatface18 6 годин тому

    Novel Idea: Forget all the perks such as massages, and just try reverting back to traditional cubicles and doing away with open floor plans. Give it a try and tell me I'm crazy.

  • @Buttersausage
    @Buttersausage 13 хвилин тому

    Low income housing

  • @DonOvan-n6f
    @DonOvan-n6f 14 хвилин тому

    Lower the rent

  • @Lori-l4i
    @Lori-l4i Годину тому

    The gravy train for Gov employees working from home is over. All that free loading is coming to an end with Trump in office. You either show up to work or you're fired.👍

  • @daniellebrooks7510
    @daniellebrooks7510 2 години тому

    If you have Empty office us them to build more housing

  • @patrickh9937
    @patrickh9937 5 годин тому

    You get what you vote for. This is a result of lockdowns and increased crime.

  • @bobsthea
    @bobsthea 5 годин тому

    if you build bussineses far away from where people lives and private equity link to developer see rent and mortgage as their money milking source, what can we expect

  • @drkimoni5011
    @drkimoni5011 3 години тому

    YOU AINT A FAILURE WE IN A DIFFERENT TIME ZONE WITH A DIFFERENT GENERATION MINDSET THAT DONT SOCIALIZE !

  • @jerrycostanza4180
    @jerrycostanza4180 6 годин тому +1

    Economic downturn or depression, city officials gave the downtown areas to the homeless population.

  • @drkimoni5011
    @drkimoni5011 3 години тому

    I GOT AN IDEAL INSTEAD OF GETTING IN CRUISE SHIP FOR ENTAINTMENT LET MAKE THESE EMPTY OFFICE HAVE THE SAME THING THE CRUIS SHIP OFFER MINUS THE WATER

  • @sacredhand
    @sacredhand 6 годин тому +1

    No body likes the city anymore!

  • @anonymousmc7727
    @anonymousmc7727 2 години тому

    That bar got Democrated 😂😂😂😂

  • @mccrie407
    @mccrie407 4 години тому

    If they can be rezoned, we might have an answer to affordable housing with all this empty space. Just saying.

  • @WyomingGuy82201
    @WyomingGuy82201 5 годин тому

    Awwww..... big urban dirty crowded areas that require cars to bring people in are dying.
    So sad... NOT.

  • @SuperMogul
    @SuperMogul 3 години тому

    This shall pass. By the numbers, working from home is unproductive. Office workers will be required to come back to the office soon. All you have to do is say, if you want to keep your Job. Be in the office Monday morning. Lol

  • @EnronnSierra
    @EnronnSierra 6 годин тому +1

    Don't worry, when Trump issues a mandate to companies, bring those workers back in office or heavy taxes; you will see a return to office in droves. Also, I think the administration might solicit data from companies whose workers are WFH or hybrid to specifically raise their taxes to further incentivize workers going back into the office to avoid higher taxes.

  • @arthurbb8937
    @arthurbb8937 4 години тому

    It also leads to an extra 10 hours of isolation at home instead of interaction with coworkers. Lots of kids home schooled now and people mostly text instead of talk. That's the new society. Some love it and some hate it but we won't find out for a while if the impact on young people now will be catastrophic or a advantageous in the future. It'll be one or the other. It'll begin with increased antisocial behavior.

    • @AgingStudent
      @AgingStudent 4 години тому

      Or actually allow people with disabilities and women who caretake which is most, more opportunities for full employment in white collar jobs.

  • @EduardoOliveira-e8c
    @EduardoOliveira-e8c 7 годин тому

    Trump will put it up in next year

    • @AgingStudent
      @AgingStudent 4 години тому

      No ....he wants to borrow billions to deport people like you unfortunately. Sorry you fell for the same scam he has been running for 60 years

  • @Marie-jb9cr
    @Marie-jb9cr 4 години тому

    WELCOME more immigrants who are willing to go to the office, pay taxes, consume goods, that will benefit the economy ☺☺☺☺

    • @AgingStudent
      @AgingStudent 4 години тому

      Consumerism is killing is killing us

  • @YaoAnne-j7g
    @YaoAnne-j7g 7 годин тому

    !I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 40% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

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      @SonyaYeva 7 годин тому

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      @HaholBarton 7 годин тому

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      @SonyaYeva 7 годин тому

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      @YaoAnne-j7g 7 годин тому

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  • @user-akmwryxqssj3
    @user-akmwryxqssj3 6 годин тому

    God is not man, that he should lie,
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    Has he said, and will he not do it?
    Or has he spoken, and will he not fulfill it?
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