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There will be bank failures caused by commercial real estate losses
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SodbusterIII
Posted 3/10/2024 11:48 (#10659939 - in reply to #10658878)
Subject: RE: There will be bank failures caused by commercial real estate losses


None of those people do I need to see on a everyday basis. My banker, who happens to have many customers probably needs to be in the office 4 days a week, my accountant couple times a year if they are doing their job. Financial advisor 4 times a year at most, and lawyer less than that. Now hear are some people that are involved with my business that never need to be seen. The insurance actuary, the telemarketer, the claims adjuster these people I never need to see in a office. Here are some more , data entry clerk, medical billing rep, medical coding, quality assurance personal just to name a few. I think more companies will end up with a more hybrid system where employees come into the office couple times a week and office space is shared reducing space needs by 30 or 40 percent.

That's still a big hit to the commercial real estate market.
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