[HomrQT]

Originally Posted by the urban politician

Just be glad it’s moving forward because the boom looks very much to be over.

Massive job losses are bringing rents way down, office demand just plummeted, hotels are at about 10% of capacity, you get the idea.

I do hope that this is temporary. But other than perhaps luxury condos, we’re going to see very few construction starts over the next few quarters, I think

I think with so many people working from home for months it will have a lasting impact that will cause office demand to stay down for a long, long time - even after all restrictions are lifted. Hopefully a lot of these buildings pivot and convert to residential or hotel.