Tuesday, March 14, 2017
You better pray more malls die.
I hadn't been out to Hayward in a while. It's an sort of an industrial city so I really only go out there when I need floors or some kind of home improvement thing. But when I was out there this weekend I was super happy to see at least two of my points proven.
The first? For possibly three years now I've been talking about how simply astonished I was with the places things are being built. All the easy land is gone. The only land left is by the railroad tracks, and at at one point I even joked that they were putting apartments up inside the cloverleaf of freeways. And as you can see from this photo, I wasn't too far from being dramatic. That my friends is a freeway off ramp.
The second? This used to be an old mall. The anchor store used to be a Mervyns. And finally after all these years it's being absorbed. This is what is going to happen to Sears and JcPenny, and all the rest of the dinosaur stores. And we are going to be completely fine. Because we need housing! If people think that housing is expensive now...... you haven't seen anything yet. Over the past couple of years developers rolled in and bought up most of the easy land. Now things are going to get melt your face off expensive. If you thought the housing boom was crazy. Just wait. We have been under building for at least twice the recessionary average. Here go hell come. Mark my words.
I'm not sure if they are sticking stores in down below or garages. But if it turns out to be stores I'm hitting the trifecta.