AS HEARD ON NH Today with Jack Heath WGIR-AM 610: Working from Anywhere - real estate boom

Welcome,

Good Monday morning, everybody. Craig Peterson here. I was on with Jack Heath and we discussed some less tech news that he was interested in getting my take on.  For more tech news of the week listen in on Saturday at 11:30 am on this station.  Here we go with Jack. 

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- CraigPeterson.com

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Automated Machine Generated Transcript:

Craig Peterson: [00:00:00] Good morning, everybody. Craig Peterson here. We've got a busy week I had where you keep it on your email box. Would you? I've got some new emails coming out here mid-week. We're starting training and it's basically going to start with email. We're trying to keep these down to about a three-minute read. I'll get you up to date, keep you up to date as we go forward.

Then we're going to be having some more live stuff on YouTube live and Facebook lives and elsewhere. It's going to be a busy time for me, but you know what? I think it's worth it. I've been doing this for so long and I want to help those of you who are in business and are worried about what's really happening.

It's gotten crazy out there in the cyber world. So many businesses destroyed, not just by the whole COVID response, but because of the bad guys they've just gone crazy. All right.

This morning I was on with Mr. Jack Heath and I was out with my phone. It didn't sound quite as good as it does when I'm in my studio, but, you know, Ce la vie.

We talked a little bit about a kind of a nontech issue, but kind of a tech issue. So here we go with Jack.

Jack Heath: [00:01:14] Joining us within a different time slot, because we got to get, we had to move, somethings around for, we're going to give you an update on those state's latest opioid numbers with Chris Stawasz.

Right now, Craig Peterson, our tech talk guy, Craig, you know, one of the realities. Good morning. Hope you had a good weekend. One of the realities of,  indirect realities of the pandemic or COVID-19 whatever you want to say about this that no one really saw was. A real estate, the booming market here where people are moving.

I heard stories over the weekend, getting into bidding wars to buy New Hampshire property and homes. What of it has to do with the reality of technology and people can work virtually from anywhere in their leaving larger urban areas. Good morning, Craig.

Craig Peterson: [00:01:52] Yeah, it sure does. Jack. Good morning. We're seeing an amazing change now in businesses, some businesses such as the New York stock exchange, where there are people who interact with each other are planning on reopening. But we've seen businesses paying as much as, the highest I've seen right now is $60 million to break a lease because they are just not going to bring the people back.

Some of these people are afraid of living in some of the bigger cities plus are just tired of all of the mess they've had. They are moving out or moving to places like New Hampshire and there have been massive booms cross country once you're outside of the cities. I'm afraid we're going to see a lot of empty business real estate, and that might be the next thing to fall.

Jack Heath: [00:02:39] Yeah, I think that we'd already seen malls, sort of falling by the wayside, with online shopping. I don't think we've really calculated the commercial real estate hit in a lot of major, major cities. I mean, you take cities like Chicago or New York City where some companies, corporations may not be renewing the lease. Where they would they didn't just lease a little bit they might have leased a whole building or several floors at a building. Then think about this, Craig, it is not just the commercial building and the services around the building, it's all the ancillary businesses that support commuters, coffee shops, Bistros, restaurants in and around a building. Where you might've had 800 workers, a thousand workers, that's a small economy and you go across the country with larger cities and no one's really calculated the hit on commercial real estate. Then the Washington, DC even we're seeing fewer visitors. What about all those little lunch places or restaurants or bars? So it's a lot of collateral damage as well.

Craig Peterson: [00:03:35] Yeah, who knows maybe this is going to be another New Hampshire advantage going forward here.

Great place to live. As it turns out a great place to work. New Hampshire for the longest time had some of the highest numbers of per capita high tech jobs in the nation. We were number two. And I think this is going to help to really solidify that as people move out of the box, often the area and some of the bigger cities I'm worried yeah.

To about obviously our restaurant and other small businesses that have been hit so hard. I was just reading about what had happened post world war two because almost all of these restaurants had shut down. We saw hundreds opening after the troops came home. So this might actually end up being a pretty good sign for us right here in New Hampshire.

Jack Heath: [00:04:20] Well, the other thing, Craig, I know it's not a tech talk discussion, but it's a human discussion. As we will also have the challenge of trying to get younger families and people to move here. We were kind of had an age-drain where we were one of the faster aging States. I know you're not getting older Craig, but you know what I mean?

Now, all of a sudden now we're seeing a. You know, younger families, people, you know, in their thirties and forties and not retirement age, moving to New Hampshire. These are not just all baby boomers that are moving here.

Craig Peterson: [00:04:47] No, and these younger people and then I know a few myself who used to have to leave in order to get those jobs.

Even those internships are finding that they can stay. Now, there are even online training available for how to get an internship over zoom or Microsoft teams or, or any of these online sites, something we hadn't seen before. These kids have the opportunity to live wherever they want.

Jack Heath: [00:05:14] Not only that Craig, but there are also unintended consequences communities didn't count on maybe as many students virtually or physically because you've seen towns like Bow, New Hampshire, all of a sudden they've seen an influx of families and that means more students.

The other thing. Is, we don't know yet, I'm sort of half being facetious before we go to break. A lot of these people moving here, bring their politics with them.

The demographic changes that we see from this little influx that no one's really calculated yet, but over the last several weeks and months. I'm literally hearing about bidding wars, almost a weekly now, of property, go on the market and several people from out of state are bidding on the property.

Craig Peterson: [00:05:53] Yeah. And these younger families tend to have kids, and those kids have to go to school, and typically the tax burden on that count increases higher than the tax revenue from the younger families.

So, yeah, it's going to be quite the little mix-up. We get a lot of technology to talk about so I'll be back on Saturday at 1130 to go into it in more detail right here.

Jack Heath: [00:06:11] Thank you, Craig Peterson, Craig Peterson dot com. Make it a good Monday.

Craig Peterson: [00:06:14] Hey, I got a question for y'all too. Karen had said, you know, why don't you just ask the people who listen on the podcast, you know, there are hundreds of them. So maybe they've got an idea, but I am going to be offering kind of a "done it for you" thing, right. It's what I've been doing for the last 30 years now, cybersecurity for businesses. So it's my team and I, it's a family operation and we help businesses by just taking over the cybersecurity side of their business. You know, they still have the people working within the business. They're the guys and gals that fix computers, help answer questions, and evaluate new products and all that sort of stuff.

But what would you do you call that? Right. We internally we call it, do it for them.  That's what most people seem to want nowadays anyways because they who has time to learn this stuff. It's impossible to not only learn but keep up with it's just changing soul racks. What would you call a done for you type thing when we're talking about cybersecurity. Let me know what you guys think.

Just email [email protected]. So I can see that I'm going to try and pay a little closer attention to my email this week, even though I have a lot to do as you try and get some of these new things online, but what would you think we should call a service offering as a managed security services provider? The oldest in new England? What should we call that?

Anyways, let me know. Take care. everybody. Talk to you later. Bye-bye.

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