Cities fear an economic doom loop as offices sit empty

แชร์
ฝัง
  • เผยแพร่เมื่อ 21 พ.ย. 2024

ความคิดเห็น • 130

  • @Spades41023
    @Spades41023 7 ชั่วโมงที่ผ่านมา +56

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

    • @AgingStudent
      @AgingStudent 5 ชั่วโมงที่ผ่านมา +3

      Preach

    • @plantsplantz2116
      @plantsplantz2116 2 ชั่วโมงที่ผ่านมา

      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 7 ชั่วโมงที่ผ่านมา +47

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

    • @drayne3750
      @drayne3750 ชั่วโมงที่ผ่านมา

      Yes companies should lay you off to be replaced with AI

  • @barbm8822
    @barbm8822 5 ชั่วโมงที่ผ่านมา +27

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

  • @MeoMiyo
    @MeoMiyo 8 ชั่วโมงที่ผ่านมา +45

    Stop building out, rebuild inner cities.

  • @Tex_actual
    @Tex_actual 8 ชั่วโมงที่ผ่านมา +28

    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 5 ชั่วโมงที่ผ่านมา

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

    • @mexifry222
      @mexifry222 3 ชั่วโมงที่ผ่านมา +2

      Oh shut up. Productivity is fine

    • @emperium108
      @emperium108 2 ชั่วโมงที่ผ่านมา

      ​@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)

    • @ThomasFromTN
      @ThomasFromTN 31 นาทีที่ผ่านมา

      ​@@SuperMogulthere are no "numbers" that validate that people who are forced into a toxic in-office work environment...so pervasive it's actually become a staple of comedy shows as a theme... Yields greater work productivity. One of the biggest problems in work environments is that often managers are hired based on performance while working in lower non-management rungs, or correlating entirely too highly to engagement in cronyism. It's only pretty recently that there has been a focus on management of people as an aspect of business management training, coined Organizational Management. Staff retention is higher when people don't have to cope with the stress of working in an environment with a myriad of personality "quirks" that are increasingly aggressively self-absorbed even sociopathic. Further the benefits tangible and intangible for company loyalty have been eroding for the past 50 years. Many people who are willing to cope with a contentious work environment...and egocentric boss... But only if able to do so at more than arm's length... How far less willing to tolerate it if the boss has them essentially cornered with no recourse for relief or escape. Of course bosses want their workers in the workplace. But more and more workers are fed up with being treated like they're less than human. And this is not a new development.

  • @Deathscroll41
    @Deathscroll41 7 ชั่วโมงที่ผ่านมา +20

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

  • @HagiaFantasia
    @HagiaFantasia 4 ชั่วโมงที่ผ่านมา +9

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

  • @takpower1
    @takpower1 8 ชั่วโมงที่ผ่านมา +25

    Good turn those office into homes for low income individuals

    • @AquarianNomadic
      @AquarianNomadic 8 ชั่วโมงที่ผ่านมา +4

      Turn it into a ghetto??
      😂😂😂😂

    • @takpower1
      @takpower1 8 ชั่วโมงที่ผ่านมา

      @ sure fool that’s what I meant

    • @ranelgallardo7031
      @ranelgallardo7031 6 ชั่วโมงที่ผ่านมา

      @@AquarianNomadicthey gotta live somewhere.

    • @dv8smr
      @dv8smr 4 ชั่วโมงที่ผ่านมา +4

      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 4 ชั่วโมงที่ผ่านมา

      @@ranelgallardo7031 The streets.

  • @kittymogulco
    @kittymogulco 2 ชั่วโมงที่ผ่านมา +4

    What an economic reset. The pandemic shifted everything.

  • @twentypandora96
    @twentypandora96 6 ชั่วโมงที่ผ่านมา +11

    Empty Office buildings = More Homeless Shelters/Affordable Housing

    • @cdlu2.028
      @cdlu2.028 ชั่วโมงที่ผ่านมา +1

      U live there.

  • @AgingStudent
    @AgingStudent 5 ชั่วโมงที่ผ่านมา +10

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

  • @ng28
    @ng28 7 ชั่วโมงที่ผ่านมา +11

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

    • @AgingStudent
      @AgingStudent 5 ชั่วโมงที่ผ่านมา

      😂

  • @relighg
    @relighg 5 ชั่วโมงที่ผ่านมา +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 3 ชั่วโมงที่ผ่านมา +3

    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.

  • @AgingStudent
    @AgingStudent 5 ชั่วโมงที่ผ่านมา +4

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

  • @wysiwyg88888
    @wysiwyg88888 8 ชั่วโมงที่ผ่านมา +9

    Its called evolution. Nothing wrong with that.

  • @NeverHaveKids
    @NeverHaveKids ชั่วโมงที่ผ่านมา +2

    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.”

  • @NazcaMummies
    @NazcaMummies 9 ชั่วโมงที่ผ่านมา +9

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

  • @4yellowwolf
    @4yellowwolf 3 ชั่วโมงที่ผ่านมา +4

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

  • @heavenfromabove
    @heavenfromabove ชั่วโมงที่ผ่านมา +2

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

  • @user-bc6ll5mt4j
    @user-bc6ll5mt4j 8 ชั่วโมงที่ผ่านมา +18

    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 8 ชั่วโมงที่ผ่านมา +11

      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 7 ชั่วโมงที่ผ่านมา +1

      @@TH-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 5 ชั่วโมงที่ผ่านมา

      Hi Russian bot

  • @Michael-e6d1i
    @Michael-e6d1i 2 ชั่วโมงที่ผ่านมา +2

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

  • @sherylchapman4168
    @sherylchapman4168 9 ชั่วโมงที่ผ่านมา +14

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

    • @thomasdarling2553
      @thomasdarling2553 8 ชั่วโมงที่ผ่านมา +3

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

    • @Stoneface_
      @Stoneface_ 7 ชั่วโมงที่ผ่านมา +1

      It's extremely difficult to convert offices into apartments.

    • @SplyBox
      @SplyBox 7 ชั่วโมงที่ผ่านมา +2

      @@Stoneface_ But not impossible

    • @Stoneface_
      @Stoneface_ 7 ชั่วโมงที่ผ่านมา +1

      @@SplyBox but too costly

    • @jamey6218
      @jamey6218 7 ชั่วโมงที่ผ่านมา

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

  • @JasonGillian-n2b
    @JasonGillian-n2b 7 ชั่วโมงที่ผ่านมา +7

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

    • @ThomasFromTN
      @ThomasFromTN 24 นาทีที่ผ่านมา

      Bad bosses. Companies did it to themselves.

  • @texasscifi3431
    @texasscifi3431 7 ชั่วโมงที่ผ่านมา +3

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

  • @pauldannelachica2388
    @pauldannelachica2388 3 ชั่วโมงที่ผ่านมา +1

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

  • @HappyHappy-sq4ij
    @HappyHappy-sq4ij 8 ชั่วโมงที่ผ่านมา +5

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

  • @CoolHand273
    @CoolHand273 7 ชั่วโมงที่ผ่านมา +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.

  • @thirdeye3152
    @thirdeye3152 7 ชั่วโมงที่ผ่านมา +3

    Uh maybe turn them into condos

  • @stephenyoung2742
    @stephenyoung2742 7 ชั่วโมงที่ผ่านมา +7

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

  • @paulcolbert8576
    @paulcolbert8576 5 ชั่วโมงที่ผ่านมา +2

    Convert it all into affordable housing

    • @cdlu2.028
      @cdlu2.028 ชั่วโมงที่ผ่านมา

      U live there!

  • @aaronnava2985
    @aaronnava2985 3 ชั่วโมงที่ผ่านมา

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

  • @stiop52
    @stiop52 28 นาทีที่ผ่านมา

    Why don't we turn this real estate into homes for American families?

  • @drozkary7534
    @drozkary7534 14 นาทีที่ผ่านมา

    Build apartments!!!! We are in a housing crisis.

  • @thebookkeeper0851
    @thebookkeeper0851 2 ชั่วโมงที่ผ่านมา

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

  • @oldsenpai4337
    @oldsenpai4337 2 ชั่วโมงที่ผ่านมา

    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 ชั่วโมงที่ผ่านมา

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

  • @CPAgamer313
    @CPAgamer313 3 ชั่วโมงที่ผ่านมา

    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

  • @floofdecat
    @floofdecat ชั่วโมงที่ผ่านมา

    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.

  • @b.l.8611
    @b.l.8611 42 นาทีที่ผ่านมา

    Smaller office space are what employers want…around 5,000 to 8,000 Sq. Ft. 😊

  • @PGVEL
    @PGVEL 2 ชั่วโมงที่ผ่านมา

    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.

  • @jacquelynemartin6353
    @jacquelynemartin6353 5 ชั่วโมงที่ผ่านมา +1

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

  • @prashanthb6521
    @prashanthb6521 4 ชั่วโมงที่ผ่านมา

    Stop real estate mafia !

  • @InternacionalBoxing
    @InternacionalBoxing 7 ชั่วโมงที่ผ่านมา +2

    The Great Society

  • @MrBerndvonfunk
    @MrBerndvonfunk 4 ชั่วโมงที่ผ่านมา

    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.

  • @Just-Human
    @Just-Human ชั่วโมงที่ผ่านมา

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

  • @TheRoblove11
    @TheRoblove11 4 ชั่วโมงที่ผ่านมา

    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.

  • @JimBarcelona
    @JimBarcelona 4 ชั่วโมงที่ผ่านมา

    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.

  • @typebeats8448
    @typebeats8448 19 นาทีที่ผ่านมา

    At least we'll have room for the migrants now.

  • @ljmorris6496
    @ljmorris6496 2 ชั่วโมงที่ผ่านมา

    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 2 ชั่วโมงที่ผ่านมา

    NYC is going to ask for a bail out from Trump

  • @KreweOfBridge
    @KreweOfBridge 8 ชั่วโมงที่ผ่านมา

    Give the people what they want.

  • @Buttersausage
    @Buttersausage ชั่วโมงที่ผ่านมา

    Low income housing

  • @boatymcboatface18
    @boatymcboatface18 7 ชั่วโมงที่ผ่านมา

    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.

  • @DonOvan-n6f
    @DonOvan-n6f ชั่วโมงที่ผ่านมา

    Lower the rent

  • @TheHeartMadeOfStone
    @TheHeartMadeOfStone 5 ชั่วโมงที่ผ่านมา +2

    Turn it into affordable housing!

  • @Lori-l4i
    @Lori-l4i 2 ชั่วโมงที่ผ่านมา

    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 4 ชั่วโมงที่ผ่านมา

    If you have Empty office us them to build more housing

  • @patrickh9937
    @patrickh9937 7 ชั่วโมงที่ผ่านมา

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

  • @bobsthea
    @bobsthea 6 ชั่วโมงที่ผ่านมา

    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

  • @matthewg8168
    @matthewg8168 ชั่วโมงที่ผ่านมา

    Bidenomics hard at work!!

  • @drkimoni5011
    @drkimoni5011 5 ชั่วโมงที่ผ่านมา

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

  • @matthewg8168
    @matthewg8168 ชั่วโมงที่ผ่านมา

    Ahhhh mayor woo woo!! Maybe she should focus on Chinatown 😂😂

  • @jerrycostanza4180
    @jerrycostanza4180 8 ชั่วโมงที่ผ่านมา +1

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

  • @thoughtstorn854
    @thoughtstorn854 18 นาทีที่ผ่านมา

    Thx to trump win. 2025 will be a dark year for USA 😮😮😮😮

  • @drkimoni5011
    @drkimoni5011 5 ชั่วโมงที่ผ่านมา

    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

  • @arthurbb8937
    @arthurbb8937 6 ชั่วโมงที่ผ่านมา +1

    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 5 ชั่วโมงที่ผ่านมา

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

  • @sacredhand
    @sacredhand 7 ชั่วโมงที่ผ่านมา +1

    No body likes the city anymore!

  • @anonymousmc7727
    @anonymousmc7727 4 ชั่วโมงที่ผ่านมา

    That bar got Democrated 😂😂😂😂

  • @WyomingGuy82201
    @WyomingGuy82201 6 ชั่วโมงที่ผ่านมา

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

  • @mccrie407
    @mccrie407 6 ชั่วโมงที่ผ่านมา

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

  • @SuperMogul
    @SuperMogul 5 ชั่วโมงที่ผ่านมา

    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 7 ชั่วโมงที่ผ่านมา +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.

  • @EduardoOliveira-e8c
    @EduardoOliveira-e8c 9 ชั่วโมงที่ผ่านมา

    Trump will put it up in next year

    • @AgingStudent
      @AgingStudent 5 ชั่วโมงที่ผ่านมา

      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 5 ชั่วโมงที่ผ่านมา

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

    • @AgingStudent
      @AgingStudent 5 ชั่วโมงที่ผ่านมา

      Consumerism is killing is killing us

  • @YaoAnne-j7g
    @YaoAnne-j7g 8 ชั่วโมงที่ผ่านมา

    !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.

    • @SonyaYeva
      @SonyaYeva 8 ชั่วโมงที่ผ่านมา

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @HaholBarton
      @HaholBarton 8 ชั่วโมงที่ผ่านมา

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @SonyaYeva
      @SonyaYeva 8 ชั่วโมงที่ผ่านมา

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work.. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @HaholBarton
      @HaholBarton 8 ชั่วโมงที่ผ่านมา

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @YaoAnne-j7g
      @YaoAnne-j7g 8 ชั่วโมงที่ผ่านมา

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

  • @user-akmwryxqssj3
    @user-akmwryxqssj3 8 ชั่วโมงที่ผ่านมา

    God is not man, that he should lie,
    or a son of man, that he should change his mind.
    Has he said, and will he not do it?
    Or has he spoken, and will he not fulfill it?
    Numbers 23:19