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You've really got to follow the money on this whole "let's all get back into the office" nonsense. Commercial real estate is extremely overpriced and a market c
by GaryNumanVevo 4y ago
You've really got to follow the money on this whole "let's all get back into the office" nonsense. Commercial real estate is extremely overpriced and a market correction might affect some people (including the FED's lobbyists). Not to mention higher commercial real estate prices contribute to inflated housing prices near urban centers.
Honestly, I'm tired of it. Let's move on a society, let people who want to work from home do it, and downsize / revamp offices for the people who do. Saving on the commute alone is worth it.
- joecot 4y agoThere's a longer tail effect than that. I used to put 100 miles a day on my car, now it's maybe 2 if I go to a couple stores. This isn't just commercial real estate, it's car manufacturers, gas companies, all the service businesses for commuters (parking lots, the starbucks on the corner, all the restaurants near offices), etc. I don't think that's a bad thing. Anything that means less car usage is a good thing, and as commercial real estate keeps losing demand, those spaces will end up converted to residential real estates in cities with ludicrous housing prices. Work from home is good for workers, for the environment, for residential renters. It's the companies who benefit the most from forced office commutes that are hand wringing.
- slt2021 4y agoremote work = better mental health, more time spent with kids, flexible work schedule, all while rich fat commercial landlords lose $$$$ ? sounds like a dream coming true. I wonder if it will lead to more outsourcing/offshoring IT work, the more remote becomes norm