A huge chunk of all the offices in the developed world moved into people’s homes and a not-insignificant fraction of those offices will remain in people’s hom

A huge chunk of all the offices in the developed world moved into people’s homes and a not-insignificant fraction of those offices will remain in people’s homes indefinitely. This isn’t just going to work by having the office in bed. People actually need more home space per person. Unlike many past peaks this time it actually feels like there is a fundamental change that supports the increasing prices.