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Shalom Lamm on the Future for Brick and Mortar Restaurants

For decades, Shalom Lamm has been a pioneer and a leader in the real estate industry. But the Coronavirus health pandemic has shattered the conventional norms of the industry (as it has for so many small business owners on an international scale). The exodus that we are witnessing from major metropolitan areas such as New York, Chicago and Los Angeles is a natural outgrowth of the frustration people have being confined to small spaces during the pandemic.

Of course, nobody reasonable would argue against social distancing, as everything that can, needs to be done in order to ensure the physical safety and good health of members of the public. But at the same time, there are natural implications to imposing strict guidelines that don’t allow city residents freedom to explore and take advantage of the amenities, sites and attractions that these major locales were always able to offer the public.

City dwellers are former city residents are realizing that the premium prices they are paying can no longer be justified under the current circumstances and conditions. It’s obvious why. As Shalom has written on his blog, the conditions surrounding the coronavirus are simply not conducive to living in a cluttered environment. Unfortunately for the political leadership in many of these cities, it has resulted in people fleeing en masse.

We’ve witnessed this sort of mass exodus across the major metropolitan areas, and it has been universal. Irrespective of one’s social status, it seems that people have become growingly disenchanted with the current environment in major city locales. The burdensome tax structure certainly has also not been helpful to the situation.

Many real estate professionals have been lending commentary in recent weeks and months about the effects this exodus will have in the short-term and the long term. Ambit Success and other major consultancies have been analyzing the situation and the effects that are bound to materialize in terms of the depreciation in real estate values across the spectrum.

The question is whether this city metropolitan areas will be able to come back once the situation with the Coronavirus health pandemic dissipates. At the moment, the future certainly seems grim and not bright at all. Let’s hope and pray that the situation improves and by extension, the real estate values and business climates in these major metropolitan cities are restored and stabilized.

The members of the public and the city residents don’t deserve what’s happening to them. Too many small businesses have closed; with bodegas shutting down at an exponential rate in recent weeks and months. But the fervor, strength and courage of city residents has showed no signs of weakening. As Shalom and other real estate investors continue watching the situation carefully, our collective prayers are with those that have been adversely affected by this situation.

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Young People Have a Coveted Responsibility During COVID-19

Helen Lee Schifter has written about the need for more young people to gain an understanding and comprehension of what is at stake with the Coronavirus health pandemic and epidemic. Fortunately, it is indeed the case that younger people and the youth demographic altogether have less risk of suffering devastating and G-D forbid fatal consequences if they were to contract COVID-19. But they can still certainly expose others that are older and even elderly members of the population to the virus. This is the part that makes it especially reckless for any young person to not take this matter with the greatest care, caution and concern, possible.

Those health bloggers like Helen Lee Schifter have maintained that the need for awakening young people concerning what’s at stake is something that needed to happen yesterday. Unfortunately, the CDC, the WHO and other health bodies that have been responsible with managing this health crisis have not done an adequate job of enlightening the youth of this country and worldwide of the different risks associated with behaving in a reckless fashion in the face of the Coronavirus.

Shalom Lamm and other entrepreneurs have remarked that this a long overdue educational process that has to take place at the soonest possible time. There are many examples (as chronicled by some areas of the press) of young people partying and engaging socially even in the wake of the Coronavirus. This of course, is especially concerning for a whole litany of reasons.

But what people have to understand (and has to be communicated to young people), is that although they themselves may likely survive if they were to contract the Coronavirus, the risk of them exposing an older or even elderly person to the virus if they contract it , is substantial. For that reason, as Shalom Lamm has noted, it would be the height of irresponsibility for young people to behave and comport themselves on a daily basis as if this risk does not exist.

On the contrary, the youth of the nation and the world must comport themselves with the same level of responsibility and caution that people of all ages are exercising throughout this crisis. There is simply way too much on the line not only for them directly, but also for those that interact with them, and ultimately come into contact with them.

Any young person that continues leading their lives as if the Coronavirus is not a serious issue that’s plaguing society, should be held accountable and responsible. All young people should be obeying and complying with the social distancing protocols and other mandatory requirements to ensure the safety and overall preservation of health of society writ-large. We’ll all be better off that way.