Some Red State/Blue State Indicia

thethe said:
Nobody is saying 100% but there will be a significant reduction in on site employees moving forward. That is going to have cascading impacts across the nation. My company just had a conference with WFH a big topic. The idea now is the prioritize talent and not proximity.

It’s coming.
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I think it'll happen on the margins, but I'm just not sure how much of an effect it'll ultimately have on where we decide to live.

The work day/week ends, you're relatively young, let's say single, you're a few years out of college and finally making decent money...do you really want to be out in the suburbs twiddling your thumbs? Or in a city where you have a thousand restaurant/bar options, ballgames, museums, theaters, etc., and most importantly, you're surrounded by a countless number of people in your age range to have friendships/relationships with? Yeah your cost of living is probably higher, yeah the crime rate is probably higher, yeah there are certainly "****hole" aspects of cities, but for a lot of people, the lifestyle benefits outweigh the costs, at least up to a certain point in life.

I think a WFH culture will give people more options, I'm just not sure the choices will end up being significantly different. You might have more people living in a city working remotely for a company based in another city...but ultimately they'll still be working in a city. I dunno, we'll see how it all unfolds.
 
acesfull86 said:
I think it'll happen on the margins, but I'm just not sure how much of an effect it'll ultimately have on where we decide to live.

The work day/week ends, you're relatively young, let's say single, you're a few years out of college and finally making decent money...do you really want to be out in the suburbs twiddling your thumbs? Or in a city where you have a thousand restaurant/bar options, ballgames, museums, theaters, etc., and most importantly, you're surrounded by a countless number of people in your age range to have friendships/relationships with? Yeah your cost of living is probably higher, yeah the crime rate is probably higher, yeah there are certainly "****hole" aspects of cities, but for a lot of people, the lifestyle benefits outweigh the costs, at least up to a certain point in life.

I think a WFH culture will give people more options, I'm just not sure the choices will end up being significantly different. You might have more people living in a city working remotely for a company based in another city...but ultimately they'll still be working in a city. I dunno, we'll see how it all unfolds.
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networking, culture, entertainment, cachet

those are the reasons the young people you describe will always be drawn to the bright lights of the big city...and some not-so-young but richer people too

some people will find that WFH works well for them...and that's great too...i'm a believer in letting people find the work/lifestyle arrangement that suits them best
 
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I have no doubt many will still choose a city life. My point is still valid. Even a 10% reduction will cause massive impacts.
 
Commercial real estate will be slower to recover than residential. You will still have plenty of hipsters and other young people wanting to live somewhere fun. A business is more oriented toward the bottom line and will be looking for ways to reduce overhead now that the WFH option is more viable and acceptable.
 
In addition as these 5-10-15 year capital leases expire companies will make different decisions.

At this time they are sunk costs so companies are not embracing the culture. When those expire expect a sweeping change to companies policies.
 
thethe said:
In addition as these 5-10-15 year capital leases expire companies will make different decisions.

At this time they are sunk costs so companies are not embracing the culture. When those expire expect a sweeping change to companies policies.
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Even before covid I had set up my employees to work from home and given them the option. Some embraced it and some didn't. Doesn't matter anymore. I closed the office and now everyone works from home.
 
nsacpi said:
Even before covid I had set up my employees to work from home and given them the option. Some embraced it and some didn't. Doesn't matter anymore. I closed the office and now everyone works from home.
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It’s the only way. I work when I want for the most
Part wherever I want. Life is good.
 
New York can be a great city with competent leadership and policies.

That's unfortunately not the case right now.

Same as California with full on liberal rule
 
I'm told that SF is getting smarter though so no big deal.

People with IQ's north of 125 don't get robbed as much. Thats a universal law.
 
nsacpi said:
networking, culture, entertainment, cachet

those are the reasons the young people you describe will always be drawn to the bright lights of the big city...and some not-so-young but richer people too

some people will find that WFH works well for them...and that's great too...i'm a believer in letting people find the work/lifestyle arrangement that suits them best
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I had all of those things in the small town I left for the big city. Those were only a few of the things that I hated to leave, but we did it for the larger job market for my just out of college wife. We nearly remained in the small town anyway.

Take away that massive difference in the job market and you'll see fewer of the youngest and brightest leaving idyllic settings full of friends and family to go to expensive hives full of strangers and crime.
 
Jaw said:
I had all of those things in the small town I left for the big city. Those were only a few of the things that I hated to leave, but we did it for the larger job market for my just out of college wife. We nearly remained in the small town anyway.

Take away that massive difference in the job market and you'll see fewer of the youngest and brightest leaving idyllic settings full of friends and family to go to expensive hives full of strangers and crime.
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Once these 5-10-15 year capital leases expire there will be an even larger exodus from ****hole cities.
 
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https://foxbaltimore.com/news/proje...-41-of-high-school-students-earn-below-10-gpa

When Jovani Patterson ran for Baltimore City Council President last year, he ran on a platform that included accountability in education.

“They take. They take. They take. Yet, despite the amount of money they get. We don’t see much change. Our schools outspend 97% of other major school districts,” Patterson said during a 2020 campaign ad.

When Project Baltimore showed Patterson how Baltimore City students have been doing this year, here is how he reacted.

“This is terrible,” Patterson told Project Baltimore. “This is just further perpetuating a cycle of poverty, of despair.”

Project Baltimore obtained a chart assembled by Baltimore City Schools. The chart shows the average GPA for every high school grade in the city – freshman through senior. In the first three quarters of this past school year, according to the chart, 41% of all Baltimore City high school students, earned below a 1.0 grade point average. In other words, nearly half of the 20,500 public high school students in Baltimore earned less than a D average.

“It's heartbreaking,” said Patterson. “If almost half of our kids are failing, what options do they have after high school? This is really disheartening. It's sad to see this.”

On the other end of the chart, 21 percent of city high school students earned a GPA of 3.0 or better; a B average. That’s about half as many who earned below a D. We can also see the district lost 706 high school students during the first three quarters of the year.
 
College football championship - red state

College basketball championship - red state

College baseball championship - red state
 
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