4 ms·
We already know it has sprung back. Retail sales are at pre-coronavirus levels as is housing sales. The only question is how sustainable it is, given the large
by remote_phone 6y ago
We already know it has sprung back. Retail sales are at pre-coronavirus levels as is housing sales. The only question is how sustainable it is, given the large unemployment numbers and massive government stimulus.
But to say they aren’t useful is wrong. We need to know the numbers to understand the damage done to the economy.
- jcadam 6y agoI think there's going to be a run on houses in the suburbs over the next year or two, as urban decay sets in. A lot of those downtown office workers are going to keep working from home, so all of those restaurants and cafes that cater to them are going to be in trouble. Not to mention, our cities are growing less safe by the day. I'm in the suburbs of a large city now (I used to commute into the city every day), and looking to move further out now that remote work is a real thing. Land in semi-rural and rural areas is being snapped up like crazy at the moment. I'm shopping. The biggest stumbling bock to us tech workers really being able to spread ourselves out is reliable internet access. Satellite internet is... meh. Hopefully solutions like Musk's starlink will change that soon.