No, no, no. Do you not see? This is just proof that their extreme liberal policies are working! The corpos and the rich are running scared! Soon Portland will be a Democrat run uptopia, a Bluetopia if you will, that will rival even NYC and LA!
The property, once a premier address in the city, was afflicted by "vagrants sleeping in the hallways of vacant office floors". They were "starting fires in stairwells, smoking fentanyl and defecating in common areas" according to papers filed by the company in a lease termination lawsuit.
Was all propped up by owners getting low interest loans based on their most recent rent, even if vacant. So they will keep spaces vacant outside of normal market pressures for as long as they can. See Louis Rossmann's later New York videos where he shows how empty they all are there.
If interest rates stay high long enough though, some will collapse and put pressure on local banks financing the scam to either actually start manually vetting the properties or to raise rates on commercial real estate in general, bringing the whole city down like dominos.
Just hope congress or the fed doesn't bail their sorry ass out, though. I can dare to dream.
Tell that to Elon Musk. Or the people on patriots.win. Whenever this topic shows up there half the replies I see are along the lines of "Son if your job can be done remotely, IT AIN'T A REAL JOB" or that Americans should be replaced by h1b Indians if they refuse to go into the office. Which is weird because in all other contexts they are very against h1bs.
It was amazing to see how fast the government pivoted to “Everybody needs to work/school remotely,” then back to “Everybody get back to the office/school!”
Most of the jobs will be redundant anyway because of the new tech. More people will freelance while the city disintegrates.
Now tell that to an architect and watch him try to talk his way out of it. Cities are prestige stuff to them, and losing all of it is hitting them really hard.
Unironically this makes me want to move to Portland. I wouldn’t be surprised if the state starts to flip more purple, their last mayoral election was pretty close with a more conservative Democrat. The politics are trash but it’s one of the nicest, prettiest places I’ve lived because of the mountains and light rain, which helps things grow
No, no, no. Do you not see? This is just proof that their extreme liberal policies are working! The corpos and the rich are running scared! Soon Portland will be a Democrat run uptopia, a Bluetopia if you will, that will rival even NYC and LA!
It's all because of gobal warming, which is entirely the fault of Trump, the Far Right, the Alt Right, Nazis, Andrew Tate, and the Hamburglar!
you forgot the root of all evil, gamergate.
Damn it, I KNEW there was something I was missing.
Likely coming to other cities.
Was all propped up by owners getting low interest loans based on their most recent rent, even if vacant. So they will keep spaces vacant outside of normal market pressures for as long as they can. See Louis Rossmann's later New York videos where he shows how empty they all are there.
If interest rates stay high long enough though, some will collapse and put pressure on local banks financing the scam to either actually start manually vetting the properties or to raise rates on commercial real estate in general, bringing the whole city down like dominos.
Just hope congress or the fed doesn't bail their sorry ass out, though. I can dare to dream.
Offices are redundant with remote work, news at 11
Tell that to Elon Musk. Or the people on patriots.win. Whenever this topic shows up there half the replies I see are along the lines of "Son if your job can be done remotely, IT AIN'T A REAL JOB" or that Americans should be replaced by h1b Indians if they refuse to go into the office. Which is weird because in all other contexts they are very against h1bs.
It was amazing to see how fast the government pivoted to “Everybody needs to work/school remotely,” then back to “Everybody get back to the office/school!”
Stop noticing the cointelpro comments! /s
Most of the jobs will be redundant anyway because of the new tech. More people will freelance while the city disintegrates.
Now tell that to an architect and watch him try to talk his way out of it. Cities are prestige stuff to them, and losing all of it is hitting them really hard.
Lotta them will just end up contracting for the state building schools and other gov shit.
Sounds like RoboCop's plan is working. Blackrock must be so proud of their originality.
This is how they get 15 min cities.
Unironically this makes me want to move to Portland. I wouldn’t be surprised if the state starts to flip more purple, their last mayoral election was pretty close with a more conservative Democrat. The politics are trash but it’s one of the nicest, prettiest places I’ve lived because of the mountains and light rain, which helps things grow