XPost: alt.survival, misc.survivalism, alt.fan.rush-limbaugh
XPost: alt.politics.immigration
Some people have argued that the Democrats had Dr. Anthony Fauci unleash
the gain of function, weaponized Wuhan virus on the world to make Donald Trump's first 4 year term look bad, but now it has come to haunt
Democrat run cities as office towers sit vacant. (It certainly doesn't
help Denver the the crime rate is sky high due to Biden's imported
criminal illegal alien invaders making the city unattractive to business
owners and to law abiding American citizens who neither want to live
there nor work there. But hey, the Democrat mayor, Mike Johnston, says
the invaders are better than the Americans they are driving out of "his"
city. They should rename Denver, named after the white former governor
of Nebraska to Nuevo Chiapas, to show how woke the city has become.)
https://www.msn.com/en-us/money/realestate/denver-office-buildings-sell-for-3-2-million-more-than-90-less-than-their-estimated-value-six-years-ago/ar-AA1EIYjE
Two downtown Denver skyscrapers recently sold for just $3.2 million,
more than 90% below their estimated 2019 value of approximately $200
million, highlighting the dramatic decline in commercial real estate
values following the COVID-19 pandemic.
Developer Asher Luzzatto purchased the buildings at 621 and 633 17th
Street on April 1 and plans to convert them into more than 700 apartment
units.
"These buildings were probably worth close to $200 million in 2019,"
Luzzatto said. "I think that's reflective of where the office market is
today."
The drastic devaluation reflects a fundamental shift in Denver's office
real estate landscape as remote work continues to reshape office space
needs more than five years after the pandemic began.
"Everybody went home," said Jeff Peshut, Assistant Professor of Finance
and Director of Real Estate Program at MSU Denver. "Things began to
return to normal, unless you were the owner of an office building."
Experts estimate that office buildings in downtown Denver have lost
40-50% of their pre-pandemic value. The city's central business district currently faces vacancy rates of 25-30%, though this remains lower than tech-heavy (Democrat run) cities like Austin, San Francisco and Seattle,
where remote work has become particularly prevalent.
--
First we will destroy your identity. Then we will teach you your past
was evil. You will conclude yourself that your inheritance, your
homeland, your ancestors and your people are underserving of it all.
Then we will complete your dispossession and dissolve you into the final
phase of the Kalergi Plan.
https://www.globalgulag.us
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