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10 Bold Life Changing Post-Coronavirus Predictions
1. Cities have always been a dangerous place to live since the times of the Bubonic plague and Spanish flu. The murder rates are higher, and they are the targets of most terrorist attacks. Once this thing is over, you’re going to see real estate values in major cities plummet like a lead balloon. They may come back eventually but it will never be the same, this time it’s different. If you are a risk taker and a buyer you could easily see a 25% drop in prices.
2. A bigger problem will be the flight from commercial real estate in major cities, especially office space. Companies like insurance companies and financial institutions were already looking at reducing their space dramatically as their long-term leases mature. Now that they have found they can actually run employees from home, they’ll be fleeing like rats from the sinking ship. Commercial office space in major cities is doomed. Get out of all investments you have in this sector.
3. While this trend was already in place, now that millions of people have been forced to work from home on their computers using Zoom and Skype to contact customers and colleagues, you’ll see a rapid change. Millions of people resisted this change and thousands of companies probably didn’t want it, what people are discovering is you actually can run many businesses virtually.