Comments by "Clown Life" (@Clownlife432) on "Washington DC's Bleeding Commercial Sector: Remote Work Strikes Hard" video.

All the owners of properties have to do is lower the cost. Then they will allow other businesses the opportunity without that same capital as larger companies to move in. They don’t want to do that though. They don’t understand there has been a fundamental shift. They deserve it too. The majority of these places are owned by very liberal people that wanted the lockdowns. As Thomas Sowell would point out, you got what you wanted, and a lot of other unintended consequences in the long run. You enjoy those now.
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@markusgorelli5278 that’s a problem they have to figure out. They have to deal in reality though, and some money is better then no money. Losses routinely happen like that. Also, banks are going to work with you. What’s the other option? They would have to take the property and do it themselves. In this environment, I don’t think any of them want the problem. I bet the bank that owns the mall in SF wishes the tenet had just wanted to restructure the loan. They don’t want to be in charge of leasing that. They know the city is shambles. I just think it’s more the property owners trying to hold the line. It’s like they think they can wait it out and people will be willing to pay more. This is 2008 for commercial, you won’t be getting what you thought. You better get to adjusting and getting something. There only other option is to lobby politicians for something or try to coerice employers to put people back in person. Our side of that, the party is over. Better to adjust and become the new front runner on a changing landscape.
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