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For folks wondering who is pushing CRE interests in RTO - it is the board members and investment funds that invested in tech companies - they also invested in C
by nine_zeros 2y ago
For folks wondering who is pushing CRE interests in RTO - it is the board members and investment funds that invested in tech companies - they also invested in CRE back in the 2012-2019 period. When workers don't come back, it is hurting these same investment firms that own all these funds.
But it only hurts a small percentage of their portfolio. They'd much rather you all millions of workers sacrifice their lives commuting than they lose 5% of their wealth.