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> The plunging US values are being felt around the world because properties in top-tier American cities were once magnets for global investment. Offices were se
by jgilias 3y ago
> The plunging US values are being felt around the world because properties in top-tier American cities were once magnets for global investment. Offices were seen as super safe bets backed by high-quality assets with long-term leases and rising rents.
Here we go again.
- xyst 3y agoThis is why I suspect return to office (RTO) was pushed so hard. The invisible hands pulling the strings behind these MBA flunkies installed at many companies are whispering in their ears. “We need to offload bad debt. Help us keep the con going just a bit longer so we can offload the toxic assets from the books to another firm or government”
- saiya-jin 3y agofollow the money (almost) never fails
- Workaccount2 3y agoI can 100% assure you that bosses and chairmen want to see their landlords get bent just as much as you do. Rent is very expensive, along with maintaining an office. The idea that RTO is driven by real estate values is so detached and uninformed it's borderline juvenile conspiracy.
- lamontcg 3y agoA lot of the loudest voices about RTO (e.g. Amazon) own a portfolio of commercial properties and they are the landlords.
- k8svet 3y ago> The idea that RTO is driven by real estate values is so detached and uninformed it's borderline juvenile conspiracy. Idk about anyone else but the story told is far more convincing that corp real estate is being propped up and your denigrating dismissal has done nothing to change that.