That makes sense, but I have a hunch that the majority of people that work at Apple (at least in the US, and not say the actual manufacturing plants [thats prob

That makes sense, but I have a hunch that the majority of people that work at Apple (at least in the US, and not say the actual manufacturing plants [thats probably outsourced to many companies in asia]) don't need to work with expensive hardware for their day to day work. The reality of the situation, globally, is that the commercial real estate market was showing signs of rolling over prior to the pandemic (as well as many other markets), and the bailoutistan operations since sept 2019 repo market intervention continue to enable a lot of the paper of CRE that has/is used as collateral (and rehypothicated many times over) to put alot of entities exposed to it on life support… However it does nothing for cashflows in the CRE that no longer exist, which is why the situation will continue to get worse with out continuously increasing the interventions in markets, and the forces that influence behavior in those markets (i.e NYT posts shilling someones cornered book to try and get peoples behaviors/preferences to change). Arguably, there has been a long shift to remote work going on since the 90's. Anecdote: My dad has been working from home not too long after P&G sold his division to HP and then to BT, and I have been for 5 years prior to march 2020 (and continue to do so today).