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It’s because RTO is the last straw holding up commercial real estate. Either consultants or CEOs got together and realized that there’s no back, so they started
by schott12521 3y ago
It’s because RTO is the last straw holding up commercial real estate. Either consultants or CEOs got together and realized that there’s no back, so they started to force it.
Completely agree how much collusion between companies there is though.
- screye 3y agoA real estate crash also eliminates net-worth for rich executives more so than random employees. They all have a vested interest in molding work-file culture to their benefit.
- y-c-o-m-b 3y agoI would bet there's also some accounting or tax voodoo around it that's cutting into some of their profits and back-room deals.
- red-iron-pine 3y agoThere is definitely tax breaks for business who are "anchor tenants" in cities. Texas attracted tons of bodies to places like Austin via big tax breaks, for example. The idea being that the loss of Corporate Tax is made up by all of the people living, eating, shopping, travelling, etc. nearby.