[RickFLM4]

It has affected more lower paid people who aren’t in the home purchasing market so far. How it will affect everyone longer term is TBD. Don’t confuse opinions about what has happened thus far for a prediction of what is to come. No one knows. This thread started as a discussion of why housing hasn’t been impacted, not a prediction of what’s to come.

As far as physical offices, there will definitely be some impact in some industries, but there are also reports that some companies see WFH as less efficient. Some of my clients have already returned to the office and others will too. As such there will be plenty of physical office used and perhaps more space will come back into favor over crammed open workspaces I never liked personally.

Retail is at significant risk, but that has been going on for quite a while. There will be new uses of space. Healthcare will continue to use space and there has already been some talk of converting malls into housing. IT security will be even more important if the workforce is more dispersed. Amazon, Walmart and Target will need even more warehouse and logistics facilities.

There is a worst case scenario - there always is. But we aren’t there yet and chances are we will be in neither a best case nor worst case scenario. Industries and business have died off and been replaced forever.