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liverpoolFCnut t1_j9tb75z wrote

Reply to comment by Adorable_Ad8515 in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat

Hence everyone from the Governor to the Mayor wants companies to force RTO! Mayor Adams recently said he does not like the idea of "people working from home, in their pajamas!". They want to save the multi-billion dollar landlords and their steel and glass skyscrapers.

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jacobdanja t1_j9tcfab wrote

I mean that’s the American government at work. Protecting profits for private businesses is as old as drinking milk at school.

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Runaround46 t1_j9ti82h wrote

At least we don't have to go to war to protect business profits

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jacobdanja t1_j9tigrn wrote

I could never imagine that! Man it would be a scary place if someone like, let’s say, Halliburton got a plant in the white house.

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Americanjackoff t1_j9thcoa wrote

And I hate it… but it kinda works, just ignore the consequences!

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Walla_Walla_26 t1_j9tr949 wrote

Can an implosion is the commercial real estate market seep into the residential market? Somehow I think yes

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Manchu_Fist t1_j9ttruh wrote

I mean. It would have to wouldn't it?

Workers live by work. If there is no work at the place of work then there is no point to being by work.

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Sharp-Double-3244 t1_j9wwubk wrote

It should lead to more condo conversions. That will help alleviate housing supply and rents.

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EyyYoMikey t1_j9yl7sw wrote

That would definitely benefit the economy overall. Gonna make people working in trades raking in money

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