How empty office buildings are setting cities on a doom loop
https://www.cbsnews.com/news/empty-office-buildings-doom-loop-cities-60-minutes/
14 replies (most recent on top)
Golfing was critical for businees meetings and sales back in the old days long before RTO.
Only snow bunnies golf
If you have people golfing who report to you instead of working YOU should be fired for incompetence. This article is nothing but a fluff piece. Nice try
@3zif+1qAd458M That’s the new excuse people are giving to fight rto and continue their 15 hour work weeks. Whatever people can conjure up in a futile attempt to discount the value of mentorship, structure, and in person collaboration. You can keep your head in the sand meanwhile corporate America along with government office staff leaders will actually pay attention to keystrokes and computer activity while quietly marching back to productivity by way of 2026 full rto. Do some reading into the increase in leisure activities during ‘work’ hours. 283% increase in golfing on Wednesday afternoons alone.
https://kslnewsradio.com/1994385/weekday-golfing-has-gone-up-thanks-to-remote-working-study-finds/
RTO is being pushed solely by real estate people with skin in the game. It adds no value other than to justify their jobs and for firms laden with loans to keep the value of their assets high.
Cities are unnatural byproducts of the modern economy. Like toxic pesticides or plasticizers. RTO will enable the return to more approachable human towns and villages.
@2rhn+1qAd458M
Don't believe anything from a consulting firm like KPMG. They say whatever they're paid to say. They were probably contracted by some commercial real estate trade group or RTO think tank to report that CEOs want the peons to RTO. Vz does the same thing by working through telcom industry groups to secretly push their agenda.
It's more likely corporate america is planning to use RTO to force some goal.
Rto is just going to continue to increase slowly but steadily. The pandemic technically only ended in the U.S. in May of 23. It’s going to be a few years to get back to normal. The goal is 2026, which seems reasonable.
https://fortune.com/2023/10/05/ceo-rto-kpmg-research-return-to-work-full-time-5-days/amp/
Empty offices are going to be illegal migrsnt housing paid for by the us taxpayers
“ buildings are financed through short-term loans from banks. If real estate firms are unable to make rent money from commercial tenants, they may default on their loans, increasing the risk for banks.”
Banks and rich investors in commercial real estate directly or through funds. Better drum ip the news so they can get some bail out money again.
It’s the same person who says it. Over and over and over, like a broken record. No RTO
Lol bro you all have been saying this same sh** for over a year now and every single all hands someone asks about RTO and there's never any indication that anything is changing.
My point is, these posts are useless and mean nothing. The sources mean nothing. Let verizon say we're returning to office. If that happens, blow this forum up. Until then, let these rto posts die.
I feel we need to RTO, grant it I’m enjoying WFH. But there’s gonna be a point when Verizon is either gonna cut our pay cause they were paying us to be in the office and I’m sure the WFH rate is alot less. Be careful on which you wish for.
‘The buildings don’t go away … but the owners do’: Warren Buffett and Charlie Munger warn that a storm is brewing in the US real estate market — here’s where you can seek refuge
https://www.msn.com/en-us/money/realestate/g-buildings-don-t-go-away-but-the-owners-do-warren-buffett-and-charlie-munger-warn-that-a-storm-is-brewing-in-the-us-real-estate-market-here-s-where-you-can-seek-refuge/ar-AA1k8tAQ