This article describes the real reason behind the push back to the office. It’s about rich people gambling on real estate and now office buildings are empty.
These same people own newspapers and media channels which is why their crying voices are being pushed.
"You know what they want?
They want obedient workers.
Obedient workers.
People who are just smart enough to run the machines and do the paperwork and just dumb enough, to passively accept all these increasingly shittier jobs, with the lower pay, the longer hours, the reduced benefits, the end of overtime, and the vanishing pension that disappears the minute you go to collect it." – George Carlin
seems like it would behoove the average worker to try to hold out until after 2025. let’s let the axe fall on these billionaire property owners. in my experience, poor people benefit from rich people hitting hardship. things get cheap when they need to come up with liquid capital. i know so many people who were able to buy a house during the 2008 collapse. a lot of properties were auctioned off for pennies on the dollar, and a lot of hard-working people reaped the benefits.
Much as I hate bailing out the rich, I also hate recessions.
We should be pouring money (yes, taxpayer money) into buying and demolishing these office towers, and building housing instead. Apartments and condos. The downtowns that are thriving now are the ones where people actually live there.
Yep, we should bail out the rich by using the people’s taxes to buy their properties off them, with an increasing price tag thanks to the invisible hand of the market
I’m not really jazzed about it, but the alternative seems worse. Maybe if we could boost the rest of the economy enough that the real estate crash would be counterbalanced - but if we do that we risk inflation again.