As the latest COVID-19 variant (Delta) accelerates, legitimate questions arise about when a booster shot may be needed to maintain antibodies among the vaccinated and whether rich countries should be entitled to a third shot while 84% of the global population has not had the first two. See Does the explosion of the new Delta variant mean we need a new COVID-19 vaccine?:
Worldwide, only 15.6% of people are fully vaccinated, according to Our World in Data. This has many health experts concerned that high-income countries will be busy handing out booster shots while the rest of the world burns. It’s another ethical quandary, Ochando said. Distributing booster shots to the immunocompromised and elderly in wealthy countries makes sense, he told Live Science, but providing third shots to young, healthy people in rich countries is hard to swallow when only 2% of Africa’s population has been fully vaccinated, according to the Africa Centres for Disease Control numbers.
One thing we know for sure is that the more the virus spreads the more its variants are likely to prove endemic. This is one of the reasons that the exodus of workers and dwellers from major population centers may be longer-lasting than presently priced into property prices, rents and government tax collection forecasts. “The High Beta Rich” author Robert Frank reports on trends to date in New York.
CNBC’s Robert Frank reports on New York City real estate. Here is a direct video link.
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