desjardins
Superstar
If there is a commercial real estate collapse all the rich maggots will just get bailed out again. Blackstone and a bunch of other corporate players are probably behind this doom and gloom messaging
Remote work could cut the value of office buildings by $800 billion by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
- Thread starter bnew
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daemonova
hit it, & I didn't go Erykah Badu crazy, #yallmad
They not knocking down perfectly good skyscrapers unless to build another skyscraper
The mega billionaires are cracking the whips. They’re losing soooooooo much money 
always, and I mean ALWAYS squeezing everybody below them
always, and I mean ALWAYS squeezing everybody below them
These building are sitting on real estate downtown, close to public transportation, near entertainment venues, tons of restaurants, great window views of the city, etc….. and you think they gonna spend the money to retrofit them for homeless housing?
Whoever flips them buildings are gonna make a ton by converting them to expensive condos.
MegaTronBomb!
Power is in my hair nikka
Breh, it's downtown SF. it isn't THAT much space. Plus the logistics of tearing down skyscrapers to build apartments....or to convert office space into apartments is just not a practical solution for the amount of money that's been invested into these buildings.
More and more of these buildings are defaulting on loans are nearing default.
Inshallah / השבח לאל
MegaTronBomb!
Power is in my hair nikka
If the city did a census to figure out the median income in each particular neighborhood/district... and then calculated what rent should be rolled back to in order to make the housing "affordable" would benefit residents a whole lot more than trying to create another Hunters Point.
there no way they're going to be able to do a hard reset after 40 years of unchecked housing increases though.
there no way they're going to be able to do a hard reset after 40 years of unchecked housing increases though.
OperationNumbNutts
Superstar
It's the game being played. Each time there's an economic shift, people are told to adjust when they are impacted. When it impacts companies, they require more change from people than themselves.Interesting. We talk about global warming and climate change, surely working from helps reduce that. You have to ask yourself who owns these buildings, and who benefits from people coming into the office.
Add to that money lost from not travelling into work, gas, coffee shops etc. The deeper down the rabbit hole you go, the more sense it makes and why there’s such resistance to remote working.
I'm never going back into an office unless you x10 my salary and make it hybrid.
Remote work saves people $6k per year on average and over an hour in commute each day:
www.usatoday.com
Not to mention all the winding up/winding down time after a commute.
Some CEO who makes $1 Billion in a single year means someone making $100k will have to work 1,000 years to earn that, not even counting the next year the CEO makes another $1 Billion.
Sorry, I don't feel bad.
Remote work saves people $6k per year on average and over an hour in commute each day:
How much is that remote job worth to you? Americans will part with pay to work from home
American workers save thousands of dollars when they work from home and will accept a lower salary for a remote position, research shows
www.usatoday.com
Not to mention all the winding up/winding down time after a commute.
Some CEO who makes $1 Billion in a single year means someone making $100k will have to work 1,000 years to earn that, not even counting the next year the CEO makes another $1 Billion.
Sorry, I don't feel bad.
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Richard Glidewell
All Star
This is all it had been about. This and the local smaller businesses wanting to continue lercking of the work force
Sounds like a personal problem
Fill them with migrants and homeless
Fill them with migrants and homeless
