It’s called all the corporate leases on buildings in major cities. Wall Street bought up all the bonds surrounding those debts and with nobody needing to continue work in cities, those corporate real estate prices are about to crash really badly if they can’t bring people back to cities. That means their balance sheets go out of wack and certain positions become untenable to maintain, not to mention they stand to loose a shit load of money. Hence everything saying its bad now, they need people to move back or their investments fall. It’s not about productivity, emotional benefits, collaboration, but about wealth for the elites.
Most people depend on 401ks and IRAs for their retirements now so wall street affects almost all of us. Pension funds are invested also and good chunks of them are in real estate. It isn’t just “elites”.
Your s and p 500 is not filled with corporate real estate bonds, the hedge funds shorting and pumping the market are using these bonds for collateral to play the opposite side of your investment. Stop acting like this has a negative effect on the general populace. If anything it would be a boost to the regular folks as those short the s and p would lose collateral and have to buy back in on their short positions, increasing the return of 401ks and the like. It harms the most enriched funds that short almost everything in our market after supplying unlimited VC funding to inflate the companies value before IPO. This particular problem is squarely an elite problem not a general one ffs.
poor management all around, grasping at short term solutions because they can’t see past the next quarterly financial reports
our company actually closed several offices due to low in-person turnout after the pandemic started to ease up, and they said they would just sub-lease out the buildings to recuperate money
those of us in the office cities are now fully remote
Well said. “Grasping at short term solutions beacuse they can’t see past the next quarterly financial reports” is at the root of a lot of problems today.
It irritates me that more investors and stock owners aren’t speaking up about it. We should all want our corporations to make better choices.