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Agree, there won't be any crash due to financial reasons. But in certain parts of the world it will become very difficult to keep living due to the climate and those areas will have their value decreased. I am from the South of Europe and here in some cities (even historically densely populated ones) the heat is unbearable for a quarter of the year or more.
What's your opinion of the fall out of the commercial real estate crash due to more WFH and the other effects? Certainly there is more commercial real estate than ever before to the point some is being rezoned due to lack of demand.
As to those "pesky laws". . .
The building codes are written in blood. Most things that are required in construction are the basic amount of safety required. They are not that restrictive.
Yeah OP is clueless.