It isn’t propaganda to look at the real-world ramifications of this.
The hard drop in commercial real estate is going to end in a lot of big loans going unpaid. Might end in some bank failures.
The drop in assessed value is going to hit cities hard in the pocket as they depend a lot on these property taxes from commercial properties to pay theirs bills (social programs, subsidized public transportation, police, fire, public housing, roads, etc).
It will increase sprawl as more people can now live anywhere and push into wilderness areas and we lose more open space.
A lot of small businesses depend on those dense commercial areas. You’ll see more contractors, restaurants, etc having to close and downtowns getting deserted like happened in the 70s as people fled to suburbs.
You see a lot of people saying “just turn them into residences!”. It is very difficult and expensive to turn buildings designed as open office spaces into residences.