Anonymous wrote:Anonymous wrote:Anonymous wrote:The point is that the CRE market can change, and should, but this changed is going to be too rapid. It will happen too fast. The underlying companies are going to collapse and there will be no money/lending for condo conversions (side note: in some areas refs need to also change to make this easier).
I know you don’t think this impacts you as the federal worker, but it does. Did 2009 impact you? Did the savings and loan crisis impact you? Stop focus on CRE alone. It’s the entire market.
And no, it’s not just the Fed who is responsible, that’s why private companies are also requiring in office. In my two primary friend groups, everyone is back in the office and all we’re back in the office before me.
Okay if what you say is true then Biden can simply sign an EO ordering federal workers back to the office. Agencies simply aren’t going to embrace RTO based on the chief of staff’s memo. That Biden hasn’t weighed in tells me things aren’t as dire as you seem to think or that he believes it is not the Federal employee’s responsibility to prop up the private sector.
We are. Based on DCUM posts here, every agency is jumping and bringing people back. What are you drinking?
Anonymous wrote:Anonymous wrote:Our agency is doubling the days in office for management starting in October and have said they will have an announcement for BU employees later this fall. It is happening.
Same here. Starting in October.
Anonymous wrote:Our agency is doubling the days in office for management starting in October and have said they will have an announcement for BU employees later this fall. It is happening.
Anonymous wrote:Anonymous wrote:The point is that the CRE market can change, and should, but this changed is going to be too rapid. It will happen too fast. The underlying companies are going to collapse and there will be no money/lending for condo conversions (side note: in some areas refs need to also change to make this easier).
I know you don’t think this impacts you as the federal worker, but it does. Did 2009 impact you? Did the savings and loan crisis impact you? Stop focus on CRE alone. It’s the entire market.
And no, it’s not just the Fed who is responsible, that’s why private companies are also requiring in office. In my two primary friend groups, everyone is back in the office and all we’re back in the office before me.
Okay if what you say is true then Biden can simply sign an EO ordering federal workers back to the office. Agencies simply aren’t going to embrace RTO based on the chief of staff’s memo. That Biden hasn’t weighed in tells me things aren’t as dire as you seem to think or that he believes it is not the Federal employee’s responsibility to prop up the private sector.
Anonymous wrote:The point is that the CRE market can change, and should, but this changed is going to be too rapid. It will happen too fast. The underlying companies are going to collapse and there will be no money/lending for condo conversions (side note: in some areas refs need to also change to make this easier).
I know you don’t think this impacts you as the federal worker, but it does. Did 2009 impact you? Did the savings and loan crisis impact you? Stop focus on CRE alone. It’s the entire market.
And no, it’s not just the Fed who is responsible, that’s why private companies are also requiring in office. In my two primary friend groups, everyone is back in the office and all we’re back in the office before me.
Anonymous wrote:The point is that the CRE market can change, and should, but this changed is going to be too rapid. It will happen too fast. The underlying companies are going to collapse and there will be no money/lending for condo conversions (side note: in some areas refs need to also change to make this easier).
I know you don’t think this impacts you as the federal worker, but it does. Did 2009 impact you? Did the savings and loan crisis impact you? Stop focus on CRE alone. It’s the entire market.
And no, it’s not just the Fed who is responsible, that’s why private companies are also requiring in office. In my two primary friend groups, everyone is back in the office and all we’re back in the office before me.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:During the pandemic all these downtown businesses got lavish bailouts like PPP, etc. And now years later they still want even more subsidies? The world has moved on and nobody with a computer needs to commute anymore. Time for these laggards to adjust, or else we should also bring back the horse and carriage industry - fair is fair.
+1
The smart places have since adapted (e.g. creating a daily delivery lunch special within a certain radius) or created in-person draws like wifi, a table with kids toys/puzzles, etc.
Trying to turn back time on telework to save the restaurant industry is the liberal equivalent of the coal industry trying to move us backward regarding energy.
No one is trying to save the restaurant industry. They are trying to save commercial real estate from collapsing all at once. Go look back at the PTO article. If CRE collapses, more banks will fail. The fallout has the potential to be fast and furious and you are very, very naive if you don’t think it will impact you or your 529s.
It’s not the responsibility of federal labor to save the capitalists. Let THEM eat cake!
It IS the job of the federal government to preserve financial stability in the economy. This is the federal government using levers that they have to pull. It is not at all different than agencies choosing where to open field offices in order to boost the economy in that area. It has been happening for 100 years.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:During the pandemic all these downtown businesses got lavish bailouts like PPP, etc. And now years later they still want even more subsidies? The world has moved on and nobody with a computer needs to commute anymore. Time for these laggards to adjust, or else we should also bring back the horse and carriage industry - fair is fair.
+1
The smart places have since adapted (e.g. creating a daily delivery lunch special within a certain radius) or created in-person draws like wifi, a table with kids toys/puzzles, etc.
Trying to turn back time on telework to save the restaurant industry is the liberal equivalent of the coal industry trying to move us backward regarding energy.
No one is trying to save the restaurant industry. They are trying to save commercial real estate from collapsing all at once. Go look back at the PTO article. If CRE collapses, more banks will fail. The fallout has the potential to be fast and furious and you are very, very naive if you don’t think it will impact you or your 529s.
It’s not the responsibility of federal labor to save the capitalists. Let THEM eat cake!
It IS the job of the federal government to preserve financial stability in the economy. This is the federal government using levers that they have to pull. It is not at all different than agencies choosing where to open field offices in order to boost the economy in that area. It has been happening for 100 years.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:During the pandemic all these downtown businesses got lavish bailouts like PPP, etc. And now years later they still want even more subsidies? The world has moved on and nobody with a computer needs to commute anymore. Time for these laggards to adjust, or else we should also bring back the horse and carriage industry - fair is fair.
+1
The smart places have since adapted (e.g. creating a daily delivery lunch special within a certain radius) or created in-person draws like wifi, a table with kids toys/puzzles, etc.
Trying to turn back time on telework to save the restaurant industry is the liberal equivalent of the coal industry trying to move us backward regarding energy.
No one is trying to save the restaurant industry. They are trying to save commercial real estate from collapsing all at once. Go look back at the PTO article. If CRE collapses, more banks will fail. The fallout has the potential to be fast and furious and you are very, very naive if you don’t think it will impact you or your 529s.
It’s not the responsibility of federal labor to save the capitalists. Let THEM eat cake!
It IS the job of the federal government to preserve financial stability in the economy. This is the federal government using levers that they have to pull. It is not at all different than agencies choosing where to open field offices in order to boost the economy in that area. It has been happening for 100 years.
You are getting things so confused.
-np
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:During the pandemic all these downtown businesses got lavish bailouts like PPP, etc. And now years later they still want even more subsidies? The world has moved on and nobody with a computer needs to commute anymore. Time for these laggards to adjust, or else we should also bring back the horse and carriage industry - fair is fair.
+1
The smart places have since adapted (e.g. creating a daily delivery lunch special within a certain radius) or created in-person draws like wifi, a table with kids toys/puzzles, etc.
Trying to turn back time on telework to save the restaurant industry is the liberal equivalent of the coal industry trying to move us backward regarding energy.
No one is trying to save the restaurant industry. They are trying to save commercial real estate from collapsing all at once. Go look back at the PTO article. If CRE collapses, more banks will fail. The fallout has the potential to be fast and furious and you are very, very naive if you don’t think it will impact you or your 529s.
It’s not the responsibility of federal labor to save the capitalists. Let THEM eat cake!
It IS the job of the federal government to preserve financial stability in the economy. This is the federal government using levers that they have to pull. It is not at all different than agencies choosing where to open field offices in order to boost the economy in that area. It has been happening for 100 years.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:During the pandemic all these downtown businesses got lavish bailouts like PPP, etc. And now years later they still want even more subsidies? The world has moved on and nobody with a computer needs to commute anymore. Time for these laggards to adjust, or else we should also bring back the horse and carriage industry - fair is fair.
+1
The smart places have since adapted (e.g. creating a daily delivery lunch special within a certain radius) or created in-person draws like wifi, a table with kids toys/puzzles, etc.
Trying to turn back time on telework to save the restaurant industry is the liberal equivalent of the coal industry trying to move us backward regarding energy.
No one is trying to save the restaurant industry. They are trying to save commercial real estate from collapsing all at once. Go look back at the PTO article. If CRE collapses, more banks will fail. The fallout has the potential to be fast and furious and you are very, very naive if you don’t think it will impact you or your 529s.
It’s not the responsibility of federal labor to save the capitalists. Let THEM eat cake!