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Originally Posted by swimmer_spe
There is much about this video that is flawed logic. The biggest thing is the assumption that everything will go back to normal with people's income and their credit score, and their credit.
I think that people will be scared to go to restaurants due to the potential of catching something from someone nearby.
Flying will be for business only for a few years. To recoup the losses, the airfare will be much higher, and many low cost carriers will be squeezed out.
So, driving will not kill transit. I think covid will kill driving. Yes, gas is cheap, but people are seeing they can work from home, and may want to continue that way. Companies that pay for large office spaces will look at lowering costs when they start up. Real estate is a big cost, especially in the larger cities.
Every transit agency has been cutting service. They have been doing it as the ridership has plummeted due to less people working our going to school outside the home.
In fact, I think one thing the government will spend their stimulus money on are the major transit projects that have had dates over 10 years from now.
If I am wrong, right now, there should be more congestion in the bigger cities. But there isn't.
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I guess I was more focused on the transit aspect of the video. I don't think everything will go back to normal with the exception of transit. Many will have lost their job (temporarily or permanently) placing them in debt.
People will be afraid to be in contact with anyone no matter where they are, including restaurants, concerts, sports games, concerts... Social distancing measures will continue to months after reopening, until a vaccine is discovered at the very least.
The aviation industry will be hit the hardest, harder than transit. The good thing that might come out of their is that we might see more tourism from within Canada. This is a good time to build HSR, or at the very least HFR between our largest cities.
New working from home policies will hit transit as much as driving in terms of base volumes. For those who do continue commuting to their workplace, I believe more will chose the car. Those who had cars will still have cars after the crisis, and if gas prices remain low, it will once again be cheaper to drive in many municipalities.