Molson Hart

If you believe that I'm right about these things, then miles driven per capita are going to go way down. Commuting to work Old school brick and mortar retail Restaurants and bars School Experiential shopping Leisure i.e. parks, sports, hikes etc.

This has huge implications on the way we will live and thus the rise and fall of real estate values. Functional, but unpleasant downtowns Work-focussed cities without redeeming qualities Neighborhoods whose values is based on proximity to big-box retail or class B malls

By the same token, in reverse: Downtowns that do not alone function as a funnel point for commuters Beautiful places that previously had low migration due to few job opportunities Neighborhoods whose values are based on schools, pleasant commercial areas, or parks

This process is going to be really interesting. It's going to happen over the next 1-2 decades and is pretty unpredictable. Who could've predicted industrial buildings being repurposed as high-end residential living for example? What do you think?

These trends will move in these directions, but at larger companies there definitely are significant advantages to having everyone in the office (or walkably near each other). VR/AR may start to mimic water cooler chats and random encounters but there is value to proximity

For sure, ceteris paribus, having everyone working in the same space is way better than having everyone live at home, but there are some counterpoints: 1. Average commute in USA is 26 minutes, or 4.33 hours/week. And it's higher in cities 2. People are happier working at home

The future of office work (not manufacturing, industrial, food prep, distribution, etc.) is hybridized: people working 4 days at home and randomly going in for meetings or using company facilities.

Hmm, that would definitely be interesting and on some scale solve what I’m talking about (whether it’s 1 or 3 days in person). How would that work? WeWork style sharing where companies trade off the days where they use the space?