Let us discuss world after covid-19- future investment strategy

[Jasmine Hu]

As title.

Per CNBC news, some people are leaving downtown like NYC. I wonder if there would be same for downtown DC. For long run, I still feel downtown has its charm yet before Vac, it is tough to ride the metro or go through elevator. Seen some trend, not sure if it will last.

Another issue is whether Tech companies would allow employees to work from home permanently. This could be huge.

My prediction or guessing:

1. for commercial real estate, those retail under mixed use etc in DC Arlington, its value would drop for sure. Just don't know how much.

2. for apartments or condos, those 2BR new ones would cost 3500 per month at Arlington/tysons, touch  market. Garden style may come back in favor over high rise.

3. Areas like Ashburn could benefit - both rental and sales. There are little land left for development in Loudoun. Builders can't compete with data center.

Question:

1. Will secondary cities like Richmond benefit as well? I went there 2019 looking for multifamily, prices are so high.

2. Do you think economy will go pretty bad so next year the foreclosure rate could go up significantly? Then we could wait for the opps.

Any input?

Thanks!