Even the huge used-vehicle market got knocked down, except for older, cheaper used vehicles.
High costs, working from anywhere, and sudden dislike for towers trigger large-scale shifts in the housing market. Tulsa is paying people with full-time work-from-anywhere jobs to move there.
San Francisco Bay Area condo prices are the glaring exception. House Price Inflation in all its glory.
Fraudulent payments by California could exceed $20 billion. New security measures to prevent fraud cause delays in payments that triggered a new hullabaloo.
From fake “office shortage” to historic glut in no time.
OK, it’s getting a little crazy: Massive shifts due to working from anywhere and the Pandemic. But some of those shifts started well before the Pandemic.
And we coined “Management by Zooming Around.” Which is what Oracle’s Larry Ellison is doing.
While landlords are muttering, “And this too shall pass.”
San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.
On Fumes of Stimulus and to Soothe the Frustration.