What the Economy Needs Now

As the Chief Economic Advisor, K. Subramaniam has already indicated, India will not be able to stimulate the economy to the extent that some larger economies have. PropTech is very much en vogue and popular with no signs of slowing down (more on that in a moment).I’ve been having a little trouble sleeping recently. He worked in the oil fields in Wyoming until his employer of two years ran through their Paycheck Protection loan from the government and oil prices fell.“Are we going to do this twice more every six months going forward?” he asked.

And others have tried and failed to find any work.“This is the last lifeboat leaving, and if you don’t get on it, you’re toast,” Spriggs said. The book, ‘What the Economy Needs Now’, is intended as an agenda from which politicians can pick up ideas. He favors more aid for state and local governments to prevent them from making any further layoffs, and more funds for small businesses.One new finding suggests that the federal jobless benefit hasn’t broadly kept people from going back to work. Before the pandemic, that figure never exceeded 700,000.

I’m so excited that I have trouble sleeping.Several years ago, I decided to devote my career to the intersection of technology and real estate. If people don’t feel safe in your building, they aren’t coming back to work, shop, or live for a loooooong time.I was just a nerd using technology to make my CRE portfolio better.Your office building can’t wait that long to have you back working and grabbing coffee downstairs, a sandwich at lunch, and renewing that lease.Fast forward to funds and incubators and accelerators and panels and speeches and blogs and newsletters and here we are in 2020. from the cliched-but-true vitamins to Advil), the adoption curve compresses.It might actually be the ONLY way to restart the economy. It's when unemployment is low and people who are out of work know that jobs are widely available that the disincentive to work would more likely apply. Air travel fell last week compared with the week before.If that goes away, “I would literally start losing things,” he said. You aren’t going to defeat an invisible, resilient enemy simply through more frequent cleaning and spreading people out.Your shopping centers can’t wait that long to have you back enjoying long lunches, trying on clothes with the kids, and buying non-Amazon ANYTHING.They need you to come back. It won’t order food or new equipment from its suppliers, which, in turn, have to cut jobs. The number of laid-off workers who have applied for unemployment benefits has topped 1 million every week for 18 straight weeks. virality and mortality rate.And when technology moves from “nice to have” to “ need to have” (i.e.

Congress approved a $2 trillion package in March. What company can?Here comes our PropTech inflection point.No amount of financial structuring or creative leasing is going to fix that.So, with apologies to Churchill who said “When you’re going through hell, keep going,” I say ‘When you are going through Hell, build a damn forcefield around yourself, flip off Satan, enjoy the view, then leave whenever the Hell you want.”And savvy landlords don’t have a choice. Now!Your company can’t wait that long to resume business. “We’re in a pretty fragile state again,” warned Nancy Vanden Houten, lead economist at Oxford Economics, a consulting firm.

10 things you REALLY need to know about the world economy in 2019. On average, state benefits are equivalent to 45% of workers’ former incomes.Still, the extra $600 has made it possible for him to cover all his bills.In fact, the potentially open-ended nature of government aid keeps Shane up at night. The answer is — you won’t know.Of course, I mourn for the suffering we are experiencing and how we got here. This was 2013 and there was no such thing as “PropTech.”And how do you know when it’s safe to come back, mask or not?You MUST have these things to make people feel safe on your property.At least not for a few years once scientists, officials, doctors, and epidemiologists have a vaccine, thousands of trials, and years of data on COVID’s TRUE (China!) The over-arching message will be “look how much we are doing to keep you safe.”It’s going to restart the economy.What I hope you see is that these companies exist, have good products, and are probably no longer a “nice to have” in your property.So I sit here as an investor in property technology and I’m excited about what is coming.

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