In a major recession, breakfast retailers are among the first to fail. People begin to reconsider their $7 lattes and $8 microwave breakfast sandwiches. 🚩

There are ±255,000,000 homes in the United States. There are only 21,000,000 bitcoin. Choose accordingly.

WFH is to workers like Bitcoin is to money... The freedom of work-from-home will continue to attract top talent and suck life out of office buildings. And this is a long-time coming for office owners. Some of the most prominent office properties in prime downtown markets across the U.S. continue to struggle with *real* occupancy. The majority of large office leases are 5-, 10-, or 15-year leases. When those leases begin to end and tenants adjust to their true occupancy, the pain will worsen for these owners. We are barely 3 years past COVID-19's onset.