McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.
🎻
There is no value lost unless you’re an owner being forced to sell. Employment space is not worth anywhere near what the value of housing is. Call this what it is, a market correction.
nice
People should put pressure on employers to let them choose if they want to work from office, or home. Homeoffice FTW!
Working from home has been both amazing and isolating. However, say I was close enough to an office, my entire team is spread out so I still wouldn’t be around my team in person to collaborate.
Nothing beats using my breaks and lunches for things like laundry, exercise, weeding my garden, etc.
That’s the thing. Flexibitlity of choice doesn’t work. If you want to have a productive office culture, teams need to be in the office. My ideal would be 3.5 days in the office. 3 days for the general policy, .5 days for those ad hoc things like meetings or other things. But working in the office sucks and is equally isolating when you have no team in the office and are on hours of back to back video calls with headphones on the entire time because there are no conference rooms. I think 3 days let’s you have 2 days at home to do the laundry, exercise, etc.
But I need to be in the office to collaborate with my teammates who are in the other side of the planet via Teams!! /s
Isn’t that the truth. I have colleagues in Washington, Oregon, California, New York, New Jersey, and Texas. Zero in-person collaboration potential.
Hey, are you my former employer? Only it wasn’t the other side of the planet, it was just Texas.
What if we turn office buildings into homes and allot some of that space to the homeless?
So what’s the downside?
The downside is that WFH is an extremely competitive market. It is incredibly difficult to snag a remote job for a company you do not currently work for or have never worked for.
Sadly true. It is telling that there are so many more people wanting 100% remote over in office. I wonder if HR has cottoned on to the reason for the difference in application rates?
My friend has switched jobs twice, both WFH gigs, since the pandemic. She didn’t seem to have too much trouble. IDK his good she is in her field though. She handles hiring people.
She likely has had experience with WFH before which makes it easier, but I can still tell you that she probably applied to like 500+ different places to get those interviews.
Not before COVID.
People would also pay less for home.
Again I ask, what’s the downside?
People have more time for themselves by not commuting?
Too bad it’s not doing the same to Residential Real Estate. Seems like every country around the world is getting absolutely fucked by old people.
No they’re not. It’s a complex and multi-facetted answer that people don’t like hearing.
- Immigration
- Poor zoning
- AirBNB
- Speculative real estate
Could go on and on
It’s all poor planning coupled with abject greed and on those points we are all guilty.
But of course everyone wants to point a finger at one simple person.
Millenials own around 4% of the wealth in the U.S.
The younger generations have less.
Dunno what you see that as, but I see it as older generations having too much money. That means they’re a problem.
Airbnb and Speculative Real Estate, sure, but in the US, Canada, and the Central EU countries, all the existing real estate is largely owned by the older Baby Boomer generation and their kids. Millennials have zero chance to buy any of that due to their lower ownership of total wealth in these areas, and the speculative pricing BS that is overvaluing the entire market BECAUSE of bullshit like Airbnb potential being factoring. It’s a losing proposition.
Found the old person
What do you mean by this? I think they’re correct, partially because what they said is so broad.
Just making a joke lol is really not that deep.
What’s the joke?
One guy blaming “the old people” and the one coming to their “defence” being one of them. Idk man is really not that deep
What makes you think the person you responded to is old? How old do you think they are? How old are you?
Won’t someone think of the real estate profits!
Too bad, how sad. Turn it into housing.
I don’t understand why corporates are so against the idea of savings millions of dollar in office spaces. More people working remotely mean smaller office required, cut on office supplies and utilities bills. Higher employees moral, motivation, and productivity.
What are so bad about all that? Just because the boss can’t spy on their employees and assert their authority ?
The guy next to them in the circle jerk is a commerical real estate Holder and they don’t want they dick goin soft
Just because the boss can’t spy on their employees
Even this is no longer a valid justification. Activity monitoring software installed on companay provided computing devices used by remote employees has been around for a while and is gaining in popularity. They don’t even need physical presence to spy on employees.
So, its even more confusing why corporations are so against the idea of remote work.
Yea that software means a hard pass from me taking a job offer.
It demonstrates a fundamental lack of trust unless they are gonna let me spy on everyone above me on the ladder as well.
Sunk cost fallacy. They have the space, and dammit, they need to use it. This will continue for the next few years when the leases begin to expire.
Definitely true for the company I work for. They own the buildings. Great idea when people can’t in an the time. No dealing with lease increases and other landlord BS. Not so great when everyone is WFH and is difficult to sell.
Of course it could. I guarantee if you look at all the “return to work or else” CEOs they are all heavily invested in commercial real estate.
So what? The market decides what is needed or not. Business need to stop whining, stop with the silly ‘return to office’ mandates that are killing their productivity and reducing their quality of talent, and adapt.
It’s business. Adapt or die.
socialism for the capitalists, harsh rugged capitalism for the rest of us
Socialize the losses, privatize the gains
Business is risk, highness. Anyone who says different is selling something.
And business is always selling something. They’ll never admit they’re bad for us.
The market decides what is needed or not.
Silly thing. Capitalism only matters when it’s good for business.
Damn rent-seekers
I (don’t really) like to imagine how if someone were to invent a star trek-esqe teleportation device that beams people from place to place, how the auto manufacturers, road infrastructure organizations, and a probably countless other industries would be up in arms about their “losses” without realizing how stupid and short sighted that stance would be.
It’s like we’re unable to outgrow anything as a society without toddler-tantrum-like backlash from those who have benefitted from us being beholden to the current status quo.
You should look at the history of public transit in Detroit, and trains more broadly in the US. Its the same thing.
Look into the history of Robert Moses and why the bridges are so low in Long Island
Hint: it has to do with busses and racism
I feel @glitches_brew is sooo close to getting orange pilled. While it’s not teleportation, we have the technology for high speed rail. Even my weekly commute of ~110km on conventional rail is about the same time as driving and I can get work done/watch videos/sleep instead of focusing on driving!
Most of the people I see commuting by car, at least in America, are also not focused on driving.
I ride a motorcycle and I can confirm.
I saw someone eating a bowl of cereal in the driver seat a few days ago. It’s terrifying out there.
I’ll take that over the guy watching porn in stop and go traffic on a busy, high speed, narrow road outside Boston…
The Great American Streetcar Scandal comes to mind.
I used to live in a tiny rural town of about 3,000 people, and even it used to have a trolley line. They tore it up when they built the highway, and now the only public transit available is one bus twice a day, and only for people who are disabled.
One of the old trolleys is still sitting next to the fire station, mocking everyone who drives by.
The internet largely killed high speed commercial flight.
It should’ve kill the cubical a long time ago. But middle management culture is so entrenched it took a deadly highly contagious virus to kill it.
Teleporting is just one small conceptual step beyond (and unlikely large technical leap) what we already have.
Yeah just like all the astroturfing done on EVs
Given that the star trek teleporter most likely atomizes and simply copies the individual. Id have to agree with the auto manufacturers on that.
I don’t think that is settled science amongst the fanbase.
It may not be “settled science” in the series’ canon but it’s the only logical conclusion one can come to when applied to the real world. That’s how all our current information transfer works. It’s dissected and a copy is sent bit by bit.
The argument against it is that if you believe in philosophical materialism, and the transporter reconstructs the person exactly as they are on the other end, then they are exactly the same person as before. They may be “dead” in the medical sense in between, but people do get resuscitated from being technically dead, and we don’t consider them to be separate people afterwords. Without invoking some kind of soul that’s separate from the body, it’s difficult to argue that they are anything but the same person.
A fantasy hypothetical that teleportation was a thing, and you already side with the car manufacturers because of the hypothetical bads of teleportation.
Play with the original hypothetical my dude :)
If they hadn’t specified it as being Star trek I wouldnt have had a problem. 40k teleportation may send you through literal hell but it doesnt kill the original. And stargates are basically wormholes.
You are using various sci-fi universe laws as justification for your opinions of the idea being stupid?
You won’t imagine something because of 40k teleportation, a fiction. A fiction preventing from imagining a fiction?
Turn them into housing
They don’t talk about the increased value of commercial space outside of city centers though, weird right?
