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He’s right, it is a different world now. However, many of these RTO companies purchased real estate (read: office space) based on the old paradigm. It’s no secr
by chiefalchemist 1y ago
He’s right, it is a different world now. However, many of these RTO companies purchased real estate (read: office space) based on the old paradigm. It’s no secret that commercial real estate is in bad shape. RTO helps to prop that up - ‘cause the alternative might be ugly circa 2007 / 2008.
- linotype 1y agoThe difference is leverage, I don't think it would be as bad as 2007/2008. One way or another they're going to be written down because many companies are having a hard time getting everyone back in the office.
- 999900000999 1y agoEnough people will RTO. I’m lucky to be remote , but this isn’t going to last.
- deleted 1y ago[deleted]
- nobodyandproud 1y agoHow many RTO companies are publicly traded, and held by firms with an interest in commercial real estate?
- chiefalchemist 1y agoDoesn’t matter. Their banks finance real estate. It’s not going to easy to get a loan when your bank sees you as the one who hurt them. That aside, it’s a house of cards. Shoes start dropping and no one knows what will happen. No one wants to know. The status quo of RTO is safer
- ulfw 1y agoVast majority of companies don't own their real estate. They rent it.
- chiefalchemist 1y agoDoesn’t matter. Some company owns it. Some bank finances it. For the same reason the Fed wants low inflation (because deflation undermines the financial system), falling commercial real estate is bad for everyone. Non-renters need RTO. So do renters.