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Dinosaurs note that the economy existed a certain way before the pandemic and so now it has to exist like that again so the same people keep the same jobs and t
by bamgotem 5y ago
Dinosaurs note that the economy existed a certain way before the pandemic and so now it has to exist like that again so the same people keep the same jobs and the profits flow to the same people. They're not capable of imagining change to evolve with the situation. People gained small parts of their lives back working from home and don't want to give it up.
- nisegami 5y agoIt's not that they're incapable of imagining change. They're just terrified of what they imagine.
- tnel77 5y agoThis. There will be massive consequences for those holding commercial real estate if companies stop paying those insane rents. Also, cities will suffer (at least in the short-term) if property taxes drop from those properties losing value. They are definitely afraid of remote work and the changes it will bring.
- BlargMcLarg 5y agoI doubt cities will suffer that much. Yes, companies and company rents are a huge part, but we don't exactly have a lack of people who want to live in the city as is. It also depends on the location and site: most offices I see available here cost far less than the equivalent room/apartment. Also creates a lot of jobs for builders and the likes to modify these offices.
- briffle 5y agoI think its much less dinosaurs, and much more people who have a very large, vested interest in office real estate. Everything from people that own the building, and want to show that its worth the money they spent, to business magazines that get heavy advertising dollars from companies that own and lease large office buildings in major metro centers.