Thanks for bringing this to our attention
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Originally Posted by AHS1983
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If I didn't pull on your chain, who would?
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Originally Posted by mhays
You'll have to speak up...our population grew by over 2% last year within city limits. The city has problems but it's trending right...and don't fall sucker to everything you hear.
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Any city that is Amazon-powered with 55,000 employees in 10 million square feet of office space hardly has anything to worry about. And that doesn't include the up to 3 million more square feet and 10,000 employees across the water in Bellevue.
You were right about investment locations.
Three writers with POLITCO map the 1st 200 projects approved under IRA.
Side Topic
‘Bidenomics’ delivered a once-in-generation investment.
August 15, 2023 BY Lisa Mascaro - AP
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WASHINGTON (AP) — There are so many dots on the maps they blur into blobs — each one reflecting trillions of public and private dollars flowing in the U.S. this past year to build thousands of roads, bridges and manufacturing projects in communities large and small, in states red and blue.
Now rounding year one, it remains a work in progress. The Inflation Reduction Act, the Chips and Science Act and the Infrastructure Investment and Jobs Act are coming into fruition at a time of economic churn and stubborn inflation in the aftermath of the COVID-19 pandemic.
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Politics aside, this is a Good Read.
Then on the same day we get this:
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
AUG 15 2023 By Hugh Son - CNBC
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A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase
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Makes you wonder if we aren't living in two different realities. While much of the infrastructure investment may not help office space in San Francisco or Chicago I have to believe while there may be some damage from older office buildings for example but most banks are holding construction loans and they should weather the turbulence IMO.
It is fair to say given the interest rate environment refinancing's will be more difficult and new starts will be few for the balance of this year. Then we'll see.