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Posted: 2/1/2021 12:51:03 PM EDT
[#1]
Quote HistoryQuoted: Curious what the end game is with this strategy of the CCP buying up housing like this. Quote HistoryQuoted: Quoted: How could you ever guess.... yep 100% Said it was for her family, trying to get money out of china.... my hunch... it was for the CCP. Curious what the end game is with this strategy of the CCP buying up housing like this. To immigrate either as a primary or secondary means. |
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Posted: 2/1/2021 2:43:14 PM EDT
[#2]
Quote HistoryQuoted: To immigrate either as a primary or secondary means. Quote HistoryQuoted: Quoted: Quoted: How could you ever guess.... yep 100% Said it was for her family, trying to get money out of china.... my hunch... it was for the CCP. Curious what the end game is with this strategy of the CCP buying up housing like this. To immigrate either as a primary or secondary means. CCP is using the "buying for family" angle in MN to buy farms and keep them out-of-production with the goal of reducing food supply, too. |
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Posted: 2/2/2021 12:27:34 AM EDT
[#3]
Quote HistoryQuoted: I get around some and I see retail & commercial vacancies everywhere I go, no exceptions, much more than normal. This cannot bode well. Quote HistoryQuoted: Quoted: Smells like a bubble is forming, or a massive shift in the way things are done? I assume There will be an office space and retail space collapse. People can work remotely, for anyone almost, in the service/sales sector and can do it from anywhere. I wonder if high earners are just moving out of the concrete jungles to tax advantages areas? I get around some and I see retail & commercial vacancies everywhere I go, no exceptions, much more than normal. This cannot bode well. I could see opportunities for flip commercial into residential in the near term. If people are working from home, they will want some extra space for their office / desk. I also see cities not being happy loosing those commercial real estate taxes. |
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Posted: 2/2/2021 12:46:31 AM EDT
[#4]
Quote HistoryQuoted: My uncle is a real estate investor, the market is extremely hot in the southern Florida area where he operates. But he is not buying, he is selling all of his properties. He has done this cycle many times in his life where he buys up assests dirt cheap after a market collapse, sits on them for sometimes a decade or more, then sell everything, holds cash, and repeats. A modest man now worth over $60 million. Here in Cincinnati the prices are going up and homes sell in days still, but it could be cooling off other places. I think we have got to be getting close to a market crash. The dip we saw in march was not long enough for a reset, the gov jumped in and pumped it back up before anything could happen. They are literally sending people checks to help them make rent and stimulate the economy. Its fueled an insane speculative market where people are paying 30-40x PE ratios for stock in companies that are struggling to stay a float. They are paying 150x+ for companies like amazon and tesla because MSN says its a buy  Everyone is buying assuming the good times will never end. I see average joe blue collar workers on facebook talking about investing, give out tips, tricks, etc... when you hear people like that telling you to buy you need to watch out. These are the people invest with emotion, they buy high when the market is booming and sell low when the market crashes. They always jump in late on bubbles like GME, bit coin, etc... Money is made on the buy, not the sell. The big money doesnt chase the hottest trend, they buy what people arent talking about right now.Same song, different beat. Been through this 2 times in New England in the last 30 years. Wanna see wealth disappear like never before, just stay tuned. There are stock, real estate, .gov bubbles like never before. Seems like someone created "Bitcoin" to disappear $$$ (M1) real quick sometime soon. |
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Posted: 2/2/2021 12:53:33 AM EDT
[#5]
Quote HistoryQuoted: Wow, so the boom is continuing. Update — house in my neighborhood went up for sale on 6 January. Went pending inside of 6 hours. They had 6 offers. I can’t wait to see what the final price is. 3300 sq foot house on 7000ish sq foot lot. 3 car garage. 3 bedroom, 2 fake bedrooms. 3 full bath. It was listed at $829,900. Bodes well if I want to sell this summer. Our house is a little smaller than theirs, but has more upgrades. |
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Posted: 2/2/2021 12:53:46 AM EDT
[#6]
Quote HistoryQuoted: Mike and 2tired what cities are you guys in? I'm in North Dallas burbs. |
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Posted: 2/2/2021 12:56:24 AM EDT
[#7]
Quote HistoryQuoted: There's only 36 houses for sale in my zip code and almost all of them are new subdivision bigger homes. They're pretty much selling on our local MLS website with 1-2 photos in a week. The older (non-HOA) neighborhood houses are going in a few days. It's crazy. Quote HistoryQuoted: Quoted: My zip code has houses going in 4-8 days. The zip codes I am shopping in FL, the builder rep I talked to Thursday wrote 12 contracts in 2 days. My zip code has ONE house in my house’s size and price range. That’s the $700k-$900k range and 2750-3500 sq foot range. There are a couple thousand houses in the zip code fitting that, easily. Californians buy them as soon as Washingtonians list them. |
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Posted: 2/2/2021 1:02:13 AM EDT
[#8]
Quote HistoryQuoted: I think we have got to be getting close to a market crash. The dip we saw in march was not long enough for a reset, the gov jumped in and pumped it back up before anything could happen. They are literally sending people checks to help them make rent and stimulate the economy. Its fueled an insane speculative market where people are paying 30-40x PE ratios for stock in companies that are struggling to stay a float. They are paying 150x+ for companies like amazon and tesla because MSN says its a buy Everyone is buying assuming the good times will never end. I see average joe blue collar workers on facebook talking about investing, give out tips, tricks, etc... when you hear people like that telling you to buy you need to watch out. These are the people invest with emotion, they buy high when the market is booming and sell low when the market crashes. They always jump in late on bubbles like GME, bit coin, etc... Money is made on the buy, not the sell. The big money doesnt chase the hottest trend, they buy what people arent talking about right now.Do you think the RE crash will be localized? I see prices “in the city” dropping, but suburbia stable to growing. Case in point, those who can work remote won’t be fooled by assholes like Cuomo, Inslee, Brown, Newsome, etc. They have or are packing it up and heading to lower tax states. The U-Haul 2020 report is indicative of internal US migration for the next 5 years, I think. |
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Posted: 2/2/2021 1:25:33 AM EDT
[#9]
Quote HistoryQuoted: Do you think the RE crash will be localized? I see prices “in the city” dropping, but suburbia stable to growing. Case in point, those who can work remote won’t be fooled by assholes like Cuomo, Inslee, Brown, Newsome, etc. They have or are packing it up and heading to lower tax states. The U-Haul 2020 report is indicative of internal US migration for the next 5 years, I think. Quote HistoryQuoted: Quoted: I think we have got to be getting close to a market crash. The dip we saw in march was not long enough for a reset, the gov jumped in and pumped it back up before anything could happen. They are literally sending people checks to help them make rent and stimulate the economy. Its fueled an insane speculative market where people are paying 30-40x PE ratios for stock in companies that are struggling to stay a float. They are paying 150x+ for companies like amazon and tesla because MSN says its a buy Everyone is buying assuming the good times will never end. I see average joe blue collar workers on facebook talking about investing, give out tips, tricks, etc... when you hear people like that telling you to buy you need to watch out. These are the people invest with emotion, they buy high when the market is booming and sell low when the market crashes. They always jump in late on bubbles like GME, bit coin, etc... Money is made on the buy, not the sell. The big money doesnt chase the hottest trend, they buy what people arent talking about right now.Do you think the RE crash will be localized? I see prices “in the city” dropping, but suburbia stable to growing. Case in point, those who can work remote won’t be fooled by assholes like Cuomo, Inslee, Brown, Newsome, etc. They have or are packing it up and heading to lower tax states. The U-Haul 2020 report is indicative of internal US migration for the next 5 years, I think. Fun thing about the last part is the music is gonna stop for all those well paid remote workers that have migrated from NY, CA etc. There will be pain for a lot of these guys that sold their ~$1,000,000 house in SF and bought a $2,000,000 spread in a low cost of living state. I can all but guarantee you that those salaries will be "rightsized" or Singh or Sundeep will replace them for subsistence wages. There is no way that Google/Facebook/Twitter etc will leave money on the table like that. Eventually the low cost of living states will be the home of most remote tech workers because that will be the few places they can afford to live. |
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Posted: 2/2/2021 1:29:16 AM EDT
[#10]
I own 40 acres near Flagstaff. Divided into 4 parcels, I get offers in the mail all the time offering $2300 parcel. WTF.. someone must be selling cause they wouldn't be sending letters out otherwise.
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Posted: 2/2/2021 1:34:54 AM EDT
[#11]
Quote HistoryQuoted: Same song, different beat. Been through this 2 times in New England in the last 30 years. Wanna see wealth disappear like never before, just stay tuned. There are stock, real estate, .gov bubbles like never before. Seems like someone created "Bitcoin" to disappear $$$ (M1) real quick sometime soon. Lots of companies will pay you seven figures if you can accurately predict markets. Or, you can just shitpost. Up to you. |
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Posted: 2/2/2021 9:03:38 AM EDT
[#12]
Quote HistoryQuoted: Fun thing about the last part is the music is gonna stop for all those well paid remote workers that have migrated from NY, CA etc. There will be pain for a lot of these guys that sold their ~$1,000,000 house in SF and bought a $2,000,000 spread in a low cost of living state. I can all but guarantee you that those salaries will be "rightsized" or Singh or Sundeep will replace them for subsistence wages. There is no way that Google/Facebook/Twitter etc will leave money on the table like that. Eventually the low cost of living states will be the home of most remote tech workers because that will be the few places they can afford to live. But that's not what's happening. In the above mentioned U-Haul migration survey, Tennessee is the number one state for relocation. In the Chattanooga area, West Coasties are buying $400-$600,000 houses sight unseen and for cash. Great place for remote workers since 1 Gb symmetrical internet access is less than $80/month. These people are selling their west coast homes for market value, then getting an equivalent or larger house for probably less than half the money and banking the rest. If their salary gets "normalized" it won't have the impact you suggest. |
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Posted: 2/2/2021 9:23:47 AM EDT
[#13]
Quote HistoryQuoted: I'm worried about the Commercial Real Estate market. There's a lot of big office spaces just sitting vacant because people are working from home because of covid. How long before this companies get the idea that they don't need all that space? Maybe it's not 100% WFH, but they keep 20-30% of the current space and make it reservable for when you're needed to be onsite for whatever reason. That could lead to a lot of fallout in that market. Re the part in red, I know someone who works for a big national insurer. After they started working from home due to covid, they saw how great it was working and sold the building. Now they have a very small regional office with room for the boss, a receptionist, meeting space and not much more. All this happened by last summer. What I don't get is that with so many people out of work for so long, how can housing prices by skyrocketing the way they do? When the fundamentals don't match the market, there is something else going on. |
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Posted: 2/2/2021 10:55:14 AM EDT
[#14]
Quote HistoryQuoted: But that's not what's happening. In the above mentioned U-Haul migration survey, Tennessee is the number one state for relocation. In the Chattanooga area, West Coasties are buying $400-$600,000 houses sight unseen and for cash. Great place for remote workers since 1 Gb symmetrical internet access is less than $80/month. These people are selling their west coast homes for market value, then getting an equivalent or larger house for probably less than half the money and banking the rest. If their salary gets "normalized" it won't have the impact you suggest. Quote HistoryQuoted: Quoted: Fun thing about the last part is the music is gonna stop for all those well paid remote workers that have migrated from NY, CA etc. There will be pain for a lot of these guys that sold their ~$1,000,000 house in SF and bought a $2,000,000 spread in a low cost of living state. I can all but guarantee you that those salaries will be "rightsized" or Singh or Sundeep will replace them for subsistence wages. There is no way that Google/Facebook/Twitter etc will leave money on the table like that. Eventually the low cost of living states will be the home of most remote tech workers because that will be the few places they can afford to live. But that's not what's happening. In the above mentioned U-Haul migration survey, Tennessee is the number one state for relocation. In the Chattanooga area, West Coasties are buying $400-$600,000 houses sight unseen and for cash. Great place for remote workers since 1 Gb symmetrical internet access is less than $80/month. These people are selling their west coast homes for market value, then getting an equivalent or larger house for probably less than half the money and banking the rest. If their salary gets "normalized" it won't have the impact you suggest. Same in Texas, in some cases they buy 2 homes one to live in and a rental property and they're paying cash. What it is doing is driving up the costs and local employers are feeling the pain because people are demanding higher pay or leaving. Even during the height of the pandemic my former employer was hemorrhaging good people to competitors. |
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Posted: 2/2/2021 10:59:23 AM EDT
[#15]
Quote HistoryQuoted: Re the part in red, I know someone who works for a big national insurer. After they started working from home due to covid, they saw how great it was working and sold the building. Now they have a very small regional office with room for the boss, a receptionist, meeting space and not much more. All this happened by last summer. What I don't get is that with so many people out of work for so long, how can housing prices by skyrocketing the way they do? When the fundamentals don't match the market, there is something else going on. Quote HistoryQuoted: Quoted: I'm worried about the Commercial Real Estate market. There's a lot of big office spaces just sitting vacant because people are working from home because of covid. How long before this companies get the idea that they don't need all that space? Maybe it's not 100% WFH, but they keep 20-30% of the current space and make it reservable for when you're needed to be onsite for whatever reason. That could lead to a lot of fallout in that market. Re the part in red, I know someone who works for a big national insurer. After they started working from home due to covid, they saw how great it was working and sold the building. Now they have a very small regional office with room for the boss, a receptionist, meeting space and not much more. All this happened by last summer. What I don't get is that with so many people out of work for so long, how can housing prices by skyrocketing the way they do? When the fundamentals don't match the market, there is something else going on. Because there are no foreclosures if you have an agency backed loan. Literally no one, even if you were delinquent pre-covid, is getting foreclosed on if the feds back the mortgage. Also, all you had to do was say you were affected by covid and you could stop making payments. No proof required. The dead weight hasn’t hit the market yet ?? |
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Posted: 2/2/2021 11:14:59 AM EDT
[#16]
The Covid work from home crowd are moving and buying homes they couldn't afford in their State. And as those lefty States start to sink, Uncle Joe will send them money from your State to help their economy.
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Posted: 2/2/2021 11:23:26 AM EDT
[#17]
OP is correct I own 1/3 of 1 acre outside Williams AZ. Constant letters offering to buy it. But, since the 1st of the year, crickets.
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Posted: 2/2/2021 11:27:26 AM EDT
[#18]
I get calls 2-3 times a week wanting us it refinance our ranch. They underestimate our property value by 60%. Have no clue the acreage we own and are not aware the land is joint owned or even how it's financed. Most of the time I just hang up. Once in a while I play along just to see where they are going. Always the same MO.
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Posted: 2/2/2021 11:54:57 AM EDT
[#19]
Quote HistoryQuoted: CCP is using the "buying for family" angle in MN to buy farms and keep them out-of-production with the goal of reducing food supply, too. Back in 2005, my wife and I walked into a small town realty office in southern AZ. We wanted to talk about a 37.5 acre parcel in the nearby mountains. We had to sit there while the guy we needed to talk to finished up with 3 oriental guys sitting at his desk. The realtor was flipping pages in a binder, with each page being a listing of raw land with pic and description. Only one guy spoke English, and every time the realtor flipped a page he would tell the English speaking guy the acreage and distance from town... then that guy talked for a second to the other 2, then say tell the realtor yes or no. This went on for 20 minutes and they got up, shook hands with the realtor and he told the English speaker that 'we'll get these written up' and be in touch. Our turn came, and I pretty much said WTF was that about??? He said they were buying up every piece of flat, vacant land that was over 40 acres in size and within 30 miles of town. And they were at about a dozen parcels at that point but said they would be wanting more. A hydroponic tomatao farm owned by an Australian company had just opened a few years earlier, and suddenly this slowly dying farming area was in demand. We got our piece of mountain side and built a cabin on it... we sold it in 2007 to move to a different area of the state, so have no idea what ever happened to the land they bought. But the point is the Chicoms were buying up large amounts of acreage sight unseen. |
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Posted: 2/21/2021 1:15:47 AM EDT
[#20]
Have real estate prices started dropping yet?
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Posted: 2/21/2021 1:56:54 AM EDT
[#21]
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Posted: 2/21/2021 5:13:34 PM EDT
[#22]
It does not appear to be crashing around here yet. Frenzy appears to be full steam ahead.
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Posted: 2/22/2021 2:28:54 PM EDT
[#23]
Quote HistoryQuoted: It does not appear to be crashing around here yet. Frenzy appears to be full steam ahead. Dang it.  
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Posted: 2/22/2021 3:15:59 PM EDT
[#24]
I'm still getting emails, regular mail, texts, and phone calls for my rental and lots in Apache Junction, AZ. Five or six a week.
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Posted: 2/22/2021 9:08:48 PM EDT
[#25]
Quote HistoryQuoted: It does not appear to be crashing around here yet. Frenzy appears to be full steam ahead. same here |
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Posted: 2/22/2021 11:38:54 PM EDT
[#26]
Quote HistoryQuoted: It does not appear to be crashing around here yet. Frenzy appears to be full steam ahead. Yep same. It's full steam ahead, and the offers are constant. The market is still hotter than hot. I am more than a little confused. Last time when I though it was going to crash and couldn't keep going. It doubled and then almost doubled again then it only crashed a little and not even to the point that where I thought it was going to crash at. So who knows, the prices might be "cheap" and they may double and then "crash" but still be above these levels. I don't think ANYTHING is normal or natural in the markets anymore. It's zombie market with money printers in the background going brrrrrrrr anytime there's the slightest hiccup. |
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Posted: 2/22/2021 11:49:45 PM EDT
[#27]
Quote HistoryQuoted: Yep same. It's full steam ahead, and the offers are constant. The market is still hotter than hot. I am more than a little confused. Last time when I though it was going to crash and couldn't keep going. It doubled and then almost doubled again then it only crashed a little and not even to the point that where I thought it was going to crash at. So who knows, the prices might be "cheap" and they may double and then "crash" but still be above these levels. I don't think ANYTHING is normal or natural in the markets anymore. It's zombie market with money printers in the background going brrrrrrrr anytime there's the slightest hiccup. Quote HistoryQuoted: Quoted: It does not appear to be crashing around here yet. Frenzy appears to be full steam ahead. Yep same. It's full steam ahead, and the offers are constant. The market is still hotter than hot. I am more than a little confused. Last time when I though it was going to crash and couldn't keep going. It doubled and then almost doubled again then it only crashed a little and not even to the point that where I thought it was going to crash at. So who knows, the prices might be "cheap" and they may double and then "crash" but still be above these levels. I don't think ANYTHING is normal or natural in the markets anymore. It's zombie market with money printers in the background going brrrrrrrr anytime there's the slightest hiccup. Nothing to be confused about. The Fed is injecting tons of funny money into the public's hands. With supply down and demand up, prices rise rapidly. Michael Burry of The Big Short fame made a series of postings over the weekend related to Weimar style hyperinflation. I always thought we would get massive deflation before they put the presses into overdrive and we inflate to the moon. I was wrong. Horribly wrong. |
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Posted: 2/22/2021 11:54:08 PM EDT
[#28]
This thread isn't about receiver extensions
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Posted: 2/23/2021 12:38:57 AM EDT
[#29]
Quote HistoryQuoted: Nothing to be confused about. The Fed is injecting tons of funny money into the public's hands. With supply down and demand up, prices rise rapidly. Michael Burry of The Big Short fame made a series of postings over the weekend related to Weimar style hyperinflation. I always thought we would get massive deflation before they put the presses into overdrive and we inflate to the moon. I was wrong. Horribly wrong. I am starting to worry that's the storm that's coming. Hence my "crashing up". But just shit, how do we plan for that, weather it? Food, raw goods, land (to be taxed away from us, or if there's a loan they will do like Mex, and give the banks the power to "correct it for inflation" each year, so you can never pay it off). It's a ugly picture, and not sure what to do. I have a small collection of rentals, but like dam, not sure how that's going to work out.... |
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Posted: 2/25/2021 1:33:07 PM EDT
[#30]
Quote HistoryQuoted: I am starting to worry that's the storm that's coming. Hence my "crashing up". But just shit, how do we plan for that, weather it? Food, raw goods, land (to be taxed away from us, or if there's a loan they will do like Mex, and give the banks the power to "correct it for inflation" each year, so you can never pay it off). It's a ugly picture, and not sure what to do. I have a small collection of rentals, but like dam, not sure how that's going to work out.... Invest in something valued in renminbi? |
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Posted: 2/25/2021 7:33:38 PM EDT
[#31]
Quote HistoryQuoted: Nothing to be confused about. The Fed is injecting tons of funny money into the public's hands. With supply down and demand up, prices rise rapidly. Michael Burry of The Big Short fame made a series of postings over the weekend related to Weimar style hyperinflation. I always thought we would get massive deflation before they put the presses into overdrive and we inflate to the moon. I was wrong. Horribly wrong.  Attached File |
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Posted: 2/25/2021 7:34:03 PM EDT
[#32]
REEEEEEEEE!
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Posted: 3/12/2021 12:34:29 AM EDT
[#33]
Who's still buying real estate?
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Posted: 3/12/2021 12:38:01 AM EDT
[#34]
Quote HistoryQuoted: Who's still buying real estate? rich people, i reckon. |
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Posted: 3/12/2021 12:45:34 AM EDT
[#35]
Quote HistoryQuoted: Who's still buying real estate? The big cities and California as a whole are far from empty. |
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Posted: 3/12/2021 12:46:51 AM EDT
[#36]
Quote HistoryQuoted: Update — house in my neighborhood went up for sale on 6 January. Went pending inside of 6 hours. They had 6 offers. I can’t wait to see what the final price is. 3300 sq foot house on 7000ish sq foot lot. 3 car garage. 3 bedroom, 2 fake bedrooms. 3 full bath. It was listed at $829,900. Bodes well if I want to sell this summer. Our house is a little smaller than theirs, but has more upgrades. Bidding war drove it to $860,000 |
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Posted: 3/12/2021 12:53:12 AM EDT
[#37]
Quote HistoryQuoted: Yeah, it's the same feeding frenzy right before the bottom falls out again. Great time to sell, but the buyer is probably going to end up underwater in a year and then they walk away from the places just like last time. Bingo Bingo |
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Posted: 3/12/2021 1:41:10 AM EDT
[#38]
So this scares the hell out of me. I have followed this M1 chart for a few years to see how screwed we are and the fed now decided that we do not need to know.
They stopped updating it this month because the train has left the planet. If anyone knows were we should store wealth, let me know https://fred.stlouisfed.org/series/M1 |
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Posted: 3/12/2021 1:46:06 AM EDT
[#39]
Quote HistoryQuoted: So this scares the hell out of me. I have followed this M1 chart for a few years to see how screwed we are and the fed now decided that we do not need to know. They stopped updating it this month because the train has left the planet. If anyone knows were we should store wealth, let me know https://fred.stlouisfed.org/series/M1 hookers y blow gold stonks bitcoin |
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Posted: 3/12/2021 2:15:45 AM EDT
[#40]
Quote HistoryQuoted: hookers y blow gold stonks bitcoin Quote HistoryQuoted: Quoted: So this scares the hell out of me. I have followed this M1 chart for a few years to see how screwed we are and the fed now decided that we do not need to know. They stopped updating it this month because the train has left the planet. If anyone knows were we should store wealth, let me know https://fred.stlouisfed.org/series/M1 hookers y blow gold stonks bitcoin You are probably correct, plus ammo. |
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Posted: 3/12/2021 2:20:21 AM EDT
[#41]
Quote HistoryQuoted: I don't think the first shoe has dropped, much less the second. I don't care, neither buying nor selling RE. But, like you, the entire economy seems bizarre to me right now. The economy is always bizarre when the left is involved. |
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Posted: 3/12/2021 2:22:22 AM EDT
[#42]
Quote HistoryQuoted: You are probably correct, plus ammo. negative, ghostrider. real estate >>>> ammo. |
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Posted: 3/12/2021 2:53:57 AM EDT
[#43]
We just sold our home a few weeks ago. We had offers within a few hours and a contract in days. We sold on the high side of our neighborhood and comparable comps which we were happy with. The entire deal took far too long and was a total shit show. Realtor wasn't great. They wanted a sale, it felt like they worked harder for the buyer than they did for us.
 In the end it sold for more than we anticipated so we are happy.
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Posted: 3/12/2021 3:00:47 AM EDT
[#44]
Real estate here in MT is still absolutely batshit barking at the moon crazy right now.
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Posted: 3/12/2021 3:01:58 AM EDT
[#45]
Quote HistoryQuoted: Real estate here in MT is still absolutely batshit barking at the moon crazy right now. you say that like it's a bad thing. 
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Posted: 3/12/2021 3:05:53 AM EDT
[#46]
Quote HistoryQuoted: you say that like it's a bad thing. In some ways it is, in others, not. People who work in Whitefish can barely afford to live in Whitefish, and many don't. If it keeps up, workers in Whitefish will not even be able to live within commuting distance. |
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Posted: 3/12/2021 8:48:10 AM EDT
[#47]
That’s too bad. I like Whitefish.
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Posted: 3/12/2021 8:56:04 AM EDT
[#48]
Quote HistoryQuoted: I'm worried about the Commercial Real Estate market. There's a lot of big office spaces just sitting vacant because people are working from home because of covid. How long before this companies get the idea that they don't need all that space? Maybe it's not 100% WFH, but they keep 20-30% of the current space and make it reservable for when you're needed to be onsite for whatever reason. That could lead to a lot of fallout in that market. We are moving into a smaller location with room for a small work area with couches and chairs and a couple workspaces, and a meeting room for a total of about 1600sq ft. The space we are leasing is a converted entire floor office that has been sub-divided into several small office spaces. We are permanently work from home, and all new help wanted searches are nationwide, as opposed to local. |
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Posted: 3/12/2021 9:20:12 AM EDT
[#49]
Quote HistoryQuoted: Real estate here in MT is still absolutely batshit barking at the moon crazy right now. These city transplants in our rural areas freaking suck, I’m with you. |
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Posted: 3/17/2021 12:11:36 AM EDT
[#50]
Quote HistoryQuoted: CCP is using the "buying for family" angle in MN to buy farms and keep them out-of-production with the goal of reducing food supply, too. Quote HistoryQuoted: Quoted: Quoted: Quoted: How could you ever guess.... yep 100% Said it was for her family, trying to get money out of china.... my hunch... it was for the CCP. Curious what the end game is with this strategy of the CCP buying up housing like this. To immigrate either as a primary or secondary means. CCP is using the "buying for family" angle in MN to buy farms and keep them out-of-production with the goal of reducing food supply, too. Interesting. |
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