Kalsi On Commercial Real Estate In The Post-Pandemic Market

[@LLynneM]

It’s hard to feel anything for real estate developers but disgust. Commercial RE tanked becuz of the pandemic. But years before it residential RE has been getting gobbled up my developers and investors making it impossible for ppl to even buy a home. So the rents go up too. The 2 bdrm I lease for $3,000, a 1920 Victorian house was sold to a developer who’s knocking it down, along with 3-4 other 100+ yo homes around it to put up a 40 unit apt monstrosity. 1-2 bdrm boxes for big bucks. Cry me a river about commercial RE. Who cares. The wealthy guys. Good. I’m sure you’ll find a way to get the rest of our money by tomorrow.

[@robertruiz-p5j]

Structural housing shortage? Where? False? Structural money shortage is what you meant to say…lol.