3 ms·

> The market will settle it in the end like "The market" is some rational, logical all-knowing, all-wise higher force. "The market" is a bunch of rich asshole

> The market will settle it in the end like "The market" is some rational, logical all-knowing, all-wise higher force. "The market" is a bunch of rich assholes that act in their own self interests. They don't give a sh-t about you and they definitely don't give a sh-t about me.

orblivion 3y ago
You and I are also part of the market. We get to influence it with our decision about who to work for.
npsimons 3y ago
> "The market" is a bunch of rich assholes that act in their own self interests. For instance, demanding that people commute to the RE they've invested in before their investments fall through the floor in valuation. Lot of naysayers here claiming illegitimate "bias" when people point out their increased productivity when working from home (just the lack of interruptions and forced writing down of institutional knowledge are worth it), but will they admit there is plenty of bias from corporate officers owning real estate in the downtowns where offices are, or just managers at all levels feeling power to micromanage and lord over people slipping through their fingers?
- mvdtnz 3y ago
  A vanishingly small proportion of business owners or managers have any investment in commercial real estate beyond the office lease they're holding. Virtually none of them own their commercial premises.
  - npsimons 3y ago
    > Virtually none of them own their commercial premises. Of course this is probably the case; but how many people in higher positions are invested in REITs that invest in commercial RE? I bet it's a fairly large proportion. Hews to the old adage espoused by Buffet and others of "only invest in what you know." Just because they don't have skin in the game on that particular building they are bossing people around in doesn't mean they don't have vested interest in seeing office space being rented in general.

orblivion 3y ago

You and I are also part of the market. We get to influence it with our decision about who to work for.

npsimons 3y ago

> "The market" is a bunch of rich assholes that act in their own self interests. For instance, demanding that people commute to the RE they've invested in before their investments fall through the floor in valuation. Lot of naysayers here claiming illegitimate "bias" when people point out their increased productivity when working from home (just the lack of interruptions and forced writing down of institutional knowledge are worth it), but will they admit there is plenty of bias from corporate officers owning real estate in the downtowns where offices are, or just managers at all levels feeling power to micromanage and lord over people slipping through their fingers?

mvdtnz 3y ago
A vanishingly small proportion of business owners or managers have any investment in commercial real estate beyond the office lease they're holding. Virtually none of them own their commercial premises.
- npsimons 3y ago
  > Virtually none of them own their commercial premises. Of course this is probably the case; but how many people in higher positions are invested in REITs that invest in commercial RE? I bet it's a fairly large proportion. Hews to the old adage espoused by Buffet and others of "only invest in what you know." Just because they don't have skin in the game on that particular building they are bossing people around in doesn't mean they don't have vested interest in seeing office space being rented in general.