TSX:REI.UN - Post by User
Comment by
milliontraderon Aug 14, 2020 7:38pm
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Post# 31411197
RE:RE:REIT sector continoues to look brutal
RE:RE:REIT sector continoues to look brutal
Cause retail is the dumbest group of people you ever find. Their logic : everyone shop online and work from home and human race will leave the house once a few months after ecommerce and work from home takes over the world. Their low IQ brain doesnt understand that if everything goes ecommerce where are they going to store all these physical goods? In the cloud on servers? The retail space will always be there and will continue to grow with the population, the ecommerce just transform it. Meanwhile Amazon is trying to rent malls to turn into warehouses and it takes UPS , 5 days to transfer my package from don mills to Sheppard, a 15 mins long ride due to the high volume. And ecommerce is only 4% of the market. Imagine when it moves to 20%, the last mile delivery cost will eat the alive unless they move into the city. Plus, as the ecommerce grows they need thousands of retails space for pick up and drop off Imagine if a condo with 500 units receives 300 packages a day? At some point they will say enough is enough and prohibit delivery to the building. Where are they going to store 300 box a day ? It's going to be hell, hence the need for drop off and pick spots every few blocks