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Even attempting to drag the economy down with them (not possible) would be a waste of their time, because that is ultimately futile and they know it. What they
by keenmaster 3y ago
Even attempting to drag the economy down with them (not possible) would be a waste of their time, because that is ultimately futile and they know it. What they need to focus on is how to repurpose their real estate portfolios. For example, it’s not trivial to convert a skyscraper office tower to a mixed residential and retail condo building. Now multiply that by thousands of different buildings in different locales with different zoning laws and different calculus for convert vs. keep vs. demolish. A profit maximizing commercial real estate company would put most of its effort into that, after flailing and trying to maintain the previous status quo. If it doesn’t, it will go bankrupt earlier, and new ownership will push forward changes that are necessary in the new WFH reality.