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You'd need to have already been equally* in residential and commercial, which are well siloed throughout all sorts of property-related industries, in order to b
by hunter2_ 4y ago
You'd need to have already been equally* in residential and commercial, which are well siloed throughout all sorts of property-related industries, in order to break even and serve as a conduit for the transfer of value.
*Whatever optimal point.
- function_seven 4y agoAn individual investor would need to have that balance to not lose value, sure. But a society as a whole, is the $500B "destroyed"? Or is there a transfer from the property owners to the businesses that no longer rent the space? The NPV of those decreased rent costs may just happen to be about $500 billion, right? Not to mention the value gained by all the no-longer-commuting workers.