Thread regarding Wells Fargo & Co. layoffs

@1wjx+1iDwc3aC

Yeah it'll be "affordable", to people making $250k+/yr. Good think we're looking out for that group. Don't think they'd be able to survive without a government program to keep their housing costs down. 😐

the article making a point about the price being lower today than it would have been if sold pre-covid is a pretty useless observation. The fact is that 550 cal did get sold, so there was someone willing to pay a price that WF was willing to accept.

Housing doesn’t need to be low income, just affordable to those of us who aren’t in the c-suite.

Turn these useless old inner-city office buildings into low-income housing. These companies keep preaching DE&I to us, let's see them put their money where their mouth is.

You go work at an office adjacent to low income housing. I am not!

"The people in power in the Big Cities aren't interested in doing anything that would actually reduce the cost of housing..."

Correct. The higher the housing costs the more tax revenue from the property and the income/spending of the residents. Cities are finite in land area and cannot just annex more whenever they want.

The sold one of the buildings in Minnesota for far less than what it was worth. No one wanted it.

@oyc+1iDwc3aC

"Low income housing" is code for "very expensive housing, with some kick backs/corruption". It's never EVER inexpensive. It's all lies and always has been. The people in power in the Big Cities aren't interested in doing anything that would actually reduce the cost of housing, but they want the PR of trying.

Real estate is collapsing everywhere. Many businesses have learned that they can save money by reducing their office footprint with remote workers.

Banks, obviously, will be harmed by this. It is affecting businesses who lived off office workers. Local governments, particularly urban areas where it is desirable to commute into instead of live there (cities like Baltimore, St. Louis) will see massive hits in tax income.

For environmental and energy concerns, this is actually a positive.

But since this negatively affects local governments and some powerful businesses, they will fight it out of their own interests instead of being forward thinking on how to adapt and chase where consumers shift their spending.

Burn, Baby, Burn.

Turn these useless old inner-city office buildings into low-income housing. These companies keep preaching DE&I to us, let's see them put their money where their mouth is.

Time for these big companies to stop "Talking the Talk" and start "Walking the Walk".

I discovered that many of those WF teams working at 550 California Pre-pandemic were already moved to 420 Montgomery.