I'm fine with that.
Turn them all into housing we desperately need
“But office building pipes aren’t set up for that!”
Okay so make communal housing/bathrooms for cheaper rent or invest in expanding the plumbing
“But that’s too expensive!”
More expensive than $800 billion??
they'd never do that. then they'd be killing the housing bubble as well. think of the investors!
Sounds generally positive to me.
Why not. Cheaper rent for ailing urban areas, and more incentives for residential construction.
Plus people commuting less = less pollution and less congestion.
Good for people, good for the planet, bad for profit for some.
Yeah but less pollution in the sky means people can see the clouds, and that’s where my data is stored. 😡 I don’t want people seeing my data.
Convert it to affordable housing. You made a bad investment corporate America, kindly eat shit. If you need us, will be working, from home.
Nah let's just pump out more propaganda articles on why WFH is bad. /s
Time to practice the rugged capitalism that corporations preach. You want good workers? Follow them.
Alternative headline: remote work adds billions into workers' pockets and an immeasurable amount of happiness
I guess that explains why they're going to such great lengths to convince us that talking about Game of Thrones around a water cooler is such a tremendous benefit to humankind...
At our office they are really pushing the "socializing" aspect by having a "gaming lunch" once a month. And by gaming lunch I mean they put out a few board games in the kitchenette that no one touches because we get 30 minutes to eat before having to work at a soulless corporation. But hey at least middle management is happy now they can walk around making sure you are working instead of being at home.
All workers are required to enjoy 30 minutes of mandatory social engagement at a designated "Fun Area". Enjoyment activities can include: hearty laughter, corporate value appreciation, appropriate camaraderie. If the enjoyment you wish to experience is outside of these allowed forms, please speak to your department's Enjoyment Adjustment Officer.
Strange way to frame it. It sounds to me like businesses are saving $800 billion in unnessicary expenses.
Someone is holding that bag, though. Unfortunately for us, the people holding that bag have the kind of money to make our lives hell just for a fraction of a percentage point of value for their bottom line.
Who will think of the landlords?
The government.... The government will think of the landlord's and your tax money will be the salve for the wounds.
And there it is. This is the reason why so many companies are insisting on RTO. The C-level bosses are being pressured by their ultra rich friends who own the land to justify their high real estate valuations and rent so they can continue to make more money. They're happy to do it too... No compromise for them... Most of them are old conservative fucks that are probably angry at all the technology disconnecting them from their ability to interrupt their workers whenever they feel like it, so they can dump their stress, anger and frustration on their subordinates by reprimanding them without just cause.
It's the same old story, rich folks screwing over the common poors for their own selfish reasons to their own self-serving ends. Progress? No problem, as long as it makes them more money, costs them less in expenses, and gives them more power over the rest of us.
Corporations: get your booty back into the office so it’s not empty
Also corporations: we’ve laid off your team in favor of AI, it was a tough but necessary choice due to costs
The empty office building: ???
Good. Developers can buy them on the cheap and renovate into living spaces
Most of the time it's more economical to tear them down than to convert them. The plumbing work needed is probably the most expensive part but then you only have windows along the outside walls. I suppose you could have large common areas in the center.
And homelessness is on the rise. Whatever should we do?
I know! Ban homeless encampments! Yeah!
Edit: but first let's fire 15% of our workforce and then give ourselves a few million in bonuses.
Come on you rich idiots, convert those offices into something useful and they'll be valuable again.
when my shit gets wiped out its "a market correction". let's see if this is "a market correction" or a "crisis" that requires federal intervention (read: a bunch of your money stolen at gunpoint and given to the people who made bad investments)
It's insane that we as a society are even having the debate between pushing capital investment strategies to adapt and come into the 21st century or dragging globally-distributed workers back to the 20th century just to avoid short-term pain and costs associated with updating outdated laws, tax incentives, and capital business practices.
Finally something my generation can contribute to
Oh no!!!
Anyway.
Awesome, some of my favourite clubs were sold off to be used as offices. Can we turn them back into clubs now?
Let it burn!
Sounds more like an overvalued market that’s being corrected.
Maybe we could get them converted to residential units to get cheaper housing.
Sounds like a bunch of Herman Miller chairs are gonna be available for cheap
Yet they still want us in the office...
I work remote twice a week, which is nice, but I seriously wonder why I even have to go to the office the other three days.
Most of who I communicate with to do my job is not even in my location, so I'm regularly using Microsoft teams and WebEx. Also all the programs are accessible on my work laptop from home.
They are starting the force people back to work at my company. Apparently a location had a fight break out and police called because of an argument over a spot. There isn't enough room at these places so they were trying to make people go to an office an hour away instead.
If I were to go into the office I wouldn't have anyone else on my team with me. And if someone were to ask me to do work, I could have easily done it if they sent a message instead of walking by. I also don't eat lunch, so I would just work with headphones in. So I wouldn't contribute to the collaboration that is claimed to take place.
The only reason they want people back in the office is for that control. They don't want people having a good work/life balance. They want you to waste money on gas, time away from your family, and to eat out more often. It would be great if some states would prevent companies from forcing back to office.
Good
Wonderful
That's all? Let's pump those numbers up...
The estimated total dollar value of commercial real estate was $20.7 trillion as of 2021:Q2.
The thing I don't like is that so much of the cost cutting goes to companies. It's not just the office space, it's also furniture, electricity, water and so on.
While the worker save time and costs for transportation they usually don't get any compensation for the wear and tear of their furniture or the need for extra space for work area.
Aiming for a trillion.
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