You must log in or register to comment.
I wrote 2 or 3 years ago, but it’s worth re stating :
The banks have explained to government who have explained to CEOs about the risk of a the real estate market collapsing.
Very simply :
- No one needs offices any more
- everyone sells them
- oversupply!
- price goes down, bigly
- lots mortgages underwater,
- commercial real estate collapse
- banks lose lots of money,
- but wait !
- Worker don’t need to live near office
- sell apartments, move to the country
- over supply ! Price go down , repeat above
- Banks are rinsed, full on crises a la 2008
I guarantee you 💯 every CEO would love to remove facilities costs from their balance sheet and put that money in their pocket.
But they’ve had a tap on the shoulder.
Remembered , Many of these companies built and sold the tools for remote work 🤪
Managers who don’t know how to manage remotely.