Technology

If they can't afford to lose money, they should stop being poor.

Let those banks burn. I could not care less. Let the commercial real estate market burn with em.

We don’t need them.

Yep, been saying this for years now, the vicious and irrational hatred against work from home employees is driven by two main factors:

1. At a systemic level, despite work from home being obviously less costly in the long run than maintaining an office space, if work from home were allowed to proliferate it basically pop the commercial real estate bubble and then basically every corrupt mayor and idiots in upper management would be shown to be corrupt idiots.

2. At a more personal level, upper and middle management people essentially get their kicks from seeing busy little worker bees near them, and they would personally have existential crisis when they realize that 90% of what they do is negging and then ommitting or misrepresenting that in actual meetings. Actual meetings which can easily take place in zoom, or often replaced with just an email.

If only there was some solution to unused corporate office space and the housing crisis that has tents in every city?!?

Oh well. Better give the bank a bailout and stop thinking about it.

That doesn't make sense. The companies that want people to come back to the office are the ones paying rent. That rent doesn't get better or worse if people come back to the office.

Oh won't somebody think of the shareholders.

Oh wait, I'm doing it right now. Mua ha ha ha ha ha ha!

It's sad that problems for banks are never problems only for banks. They always turn into problems for everybody else

Apparently literally everything is technology according to lemmy

Damn, squatting on real estate is backfiring. I'm heartbroken

Fuck em

I live in New York. The Wall Street area has been turning older buildings into living spaces for a while. One old office building became an NYU dorm, and the Woolworth Building [once the tallest in the world] is now luxury condos.

This is simply sunk cost fallacy. Companies signed leases. Now they regret it but can't back out so they've got to try to pretend it's worth it even if it costs their employees money out of pocket.

It's not really about owners it's more about leases and the company leasing the property "not getting their money's worth"

I had to start going back to the office today. I'll eventually split time between two buildings, but my main office is practically empty. Been here 3 days in a row, and I'm the only one in my area that stayed the entire day. The first day 4 of 5 other people left at lunch. The last person left about 4:15pm.

Yestersay I was by myself until about 10am and that person left at 4. I'm here by myself today and I don't suspect anyone will show up late.

On the other side of the floor where the breakroom is, there's maybe been 7 people total across the 3 days I've been here lol.

lol I wrote this over a year ago

Meanwhile my company wants to double or even triple the amount of office space we lease in the next 2-3 years, but building management is quoting us prices that are even slightly higher than they were in 2020.

No paywall

So more or less, since many businesses are only keeping their offices because they have multi-year leases preventing them from simply packing up and going fully remote or downsizing to a smaller office, we can expect occupancy rates to continue falling and slow-burn exacerbating the commercial real estate crisis. And really, the problem here is just that banks are overinvested in commercial real estate, not knowing that a pandemic would alter work patterns in a lasting way. So again, we're all in for a fun ride on the roller coaster that is capitalism, literally because of problems caused by real estate speculation.

If you're holding onto something useless and eating up your budget, like, that's on you, bro.

What's that you say? Rezone these as residential and make more housing you say?

I just hope something can be done with the empty structures. Turning them into housing is easier said than done for many buildings.

I'm a union commercial electrician where I spent a decade building and improving tenant spaces in commercial towers in Seattle and Bellevue. There's a huge dip in our work now that there aren't high rises being occupied. I'd like people to work from home, but my blue collar job can't be done from home. If we can change what these buildings are used for I wouldn't be worried.

Google here in Fremont area on the other hand is expanding their space by occupying a larger foot print with a smaller work force per square foot. That's a good way to keep us working.