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Coronavirus

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We will give up a huge section of commercial real estate when this is over, as will thousands. My staff have proven they can be trusted to work from home, the job is getting done. I can see me having most work from home 2-3 days a week and 'hotel' the desks on other days, meet once or twice a week. Cutting 10k a month back to 5 or 6k in rent has a definite appeal. We will be one of thousands cutting required space.

Then there will be all that empty space from companies that just didnt make it...... I would not want to be a commercial landlord going forward, specially if you have historically been a dick landlord because tenents will have options.....

When I closed my company I sold my unit instead of renting it out. An unoccupied unit still has maintenance fees, insurance and taxes. Wet sprinklers mean heat and hydro as well even though actual consumption is minimal. Drag those out for ten years and try to recover.
 
Don't cut the space too early.

I've been part of several large scale WFH experiments. They work great in the beginning, but after a while the loss in productivity becomes greater than the savings in real estate. The situation right now is 'novel' in a few ways and I don't think it's reflecting the reality of WFH for most workers.
  • First, it's new so most employees are home keeping a continuum on what they were doing at the office. That wanes -- over time distractions kick in.
  • Next, we are somewhat sequestered and in a blah time of year with respect to outdoors. People can't go anywhere or do anything, some work longer hours just because they are bored or crave some kind of connection. Once things get back to normal they will be driving kids to school, watching daytime soaps while working, running errands during the day or just kicking back on the deck enjoying the sun.
  • Finally, no matter what work you do, keeping employed is on your mind at the moment. WFH workers want to show their best behaviours and resilience right now so when or if a reduction in force comes along, they stay on the good list.

I don't mean to say all employees will drop off, but unless you have a team of laser focused superstars I'll bet you'll want them coming to the office 8 weeks after things get back to normal.

Go back 40 years and the infancy of cell phones. Sales reps carried a pocket full of quarters to make on-the-road calls. Every Friday we came into the office so clients could call us. The bunch of us went out for lunch and swapped information on problems and solutions. We did reports and expenses.

Go ahead 10 to 30 years ago and everyone has a cell phone and there is no office. The company saves money. Work from home and car. Now the reps spend an extra day face to face with clients. The company makes money. Do your expenses at home where you have taken over one of your rooms as an office. Do reports and expenses in the evening instead of playing with the kids or talking to your spouse.

Working at home makes you a Jekyll or Hyde to little kids. You're there but you're not there behind that door.

Aunt Martha drops by and wants you to fix her toaster because you're there anyway.
 
Not so much for my staff but I have been working remotely for 20+ yrs, either CDN home, the other home, or here in the summer on the boat.

Now you work from home Newbies, get your boss/CFO to write you the T22 home office paper , that states working from home is a neccesary part of your program, get your accountant to peel off internet costs, portion of heat/hydro, ect. Get that nice espresso machine (for your office) , nice flat screen (video conferencing). If you dont have dedicated space MAKE IT, finish a room in the basement, spare bedroom, root cellar whatever. You dont actually have to work in the space, just have a space.
I've been doing this for over two decades..... I use a real accountant.
 
Go back 40 years and the infancy of cell phones. Sales reps carried a pocket full of quarters to make on-the-road calls. Every Friday we came into the office so clients could call us. The bunch of us went out for lunch and swapped information on problems and solutions. We did reports and expenses.

Go ahead 10 to 30 years ago and everyone has a cell phone and there is no office. The company saves money. Work from home and car. Now the reps spend an extra day face to face with clients. The company makes money. Do your expenses at home where you have taken over one of your rooms as an office. Do reports and expenses in the evening instead of playing with the kids or talking to your spouse.

Working at home makes you a Jekyll or Hyde to little kids. You're there but you're not there behind that door.

Aunt Martha drops by and wants you to fix her toaster because you're there anyway.

Many software developers have no problems working from home. But I'm also the kind of employee that punches the clock (or if I stay late an hour, I"m leaving an hour early the next day.) You guys need to learn how to do this and how to give your boss the middle finger if they pressure you into making more money for them for free.
 
My wife has been WFH since the second week of March just when this all went sideways. I think it's working out mostly well for her despite the lack of office social time as we are all experiencing but she's trying to call her co workers every now and then to have "water cooler talk" which seems to be working ok. And there's me, Mr. House Husband right now. ;)

There's talk about the work from home thing going on for her into next year.

Her company has been absolutely stellar with ensuring they're getting paid for everything they're doing right now, keeping a master spreadsheet of all the overtime and on-call for the emergency hotline, etc. She's normally salary but they more or less said 6 weeks ago "do what needs to be done, don't worry about the money, thank you".
 
Article/petition written by Angelo Viola on why fishing season should be suspended written after interviewing the Minister of Natural Resources and Forestry. Good for him. He's going to get a lot of heat for this. He's made his living off fishing so arguing that it shouldn't happen right now will really piss off a lot of his fan base.

 
So a little bit of good news for a change. I'm in California at the moment and Newsom is planning to reopen the state. He laid out the parameters yesterday and is talking about lifting shelter-in-place order. So some good news in this complete cluster ****.

Granted California was nothing like New York, and I do hope he isn't trying to jump the gun, but it is nice to see some light at the end of the tunnel.

It will be nice to get the bike out again :)
 
California was pretty early imposing restrictions. Looking at the numbers, California is about where Canada is (and the population is not far off, either). Presumably (and hopefully), this is to be a gradual, staged re-opening, not just flipping the switch tomorrow.
 
I think New York was just the perfect storm. The population density is enormous in all that stacked high rise housing which must have been a significant contributing factor for the rapid spread
 
It's the people from the small remote communities that are NOT impacted by SARS-COV-2 that are protesting the draconian lockdown over the whole state.

Well, until they are impacted.

People travel and are many are irresponsible when they do. That's how this whole thing starts.

Locking down one city and then saying that the one 20 minutes away is just fine and dandy to go on with life as normal with people traveling in and out of it just because nobody is sick right now isn't realistic.
 
USA April death toll is scary imho
22,887 lost lives in 15 days sounds more like they are losing a war.
China is owning up to 3,346 since the start of the year

So what can we deduce from this? USA is a dangerous place to live right now and China can't count dead people.
 
USA April death toll is scary imho
22,887 lost lives in 15 days sounds more like they are losing a war.
China is owning up to 3,346 since the start of the year

So what can we deduce from this? USA is a dangerous place to live right now and China can't count dead people.

China is absolutely hiding their #s lol

I'm honestly not sure what's more scary...the guys who lie in order to stab you in the back, or the guys who will slit your family member's throat right in front of your face knowing you can't do ****.
 
So what can we deduce from this? USA is a dangerous place to live right

Given some of the stupidity coming from the south right now...it's going to get a LOT worse before it gets better. There's still probably 20-30% of their population treating this like a big conspiracy or whatever right now. People protesting that their "constitutional rights" are being trampled. Churches suing to stay open. Fack, Florida just deemed the WWE "essential".

Don't even get me started on their dear leader right now.

I was talking to a buddy about a potential whirlwind trip to the Back of the Dragon in late summer or early fall if the border reopened, but I'm really questioning if that's even wise at that point.
 
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