• ArdMacha@lemmy.world
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    11 months ago

    It isn’t, it’s all the office space they own, if people are allowed to keep working from home the retail office market will crash pretty hard.

    • MechanicalJester@lemm.ee
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      11 months ago

      Ever see how much real estate companies like Google has? If all those bay area companies said fuckit let’s be remote it would crash the market and rock the economy.

      We should though, if possible.

      • TallonMetroid@lemmy.world
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        11 months ago

        I’m told that office buildings are actually terrible from a housing standpoint. Like, it’s actually easier to just tear the whole thing down and build an entirely new complex than convert it into apartments.

        • unfreeradical@lemmy.world
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          11 months ago

          Perhaps. There are other possible uses, though, such as commons spaces. Also, even housing that has a quirky design may carry value, within the context, in symbolizing transformation away from the old.

          • thisbenzingring@lemmy.sdf.org
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            11 months ago

            My town has been stuck fighting over rezoning for decades. The urban sprawling is fucked. So many empty lots and buildings while the suburbs fight to keep half acre lots as single family zoning. Add in poor mass transit and it is an ugly mess

            • unfreeradical@lemmy.world
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              11 months ago

              Certainly, it is expected that politicians operate on the same side as developers and owners, and that all such parties insulate themselves from the population through NIMBY.

      • SkyNTP@lemmy.ml
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        11 months ago

        America only has capitalism for the poor. For the rich, it’s socialism. You better believe retail office owners stand to be losers, and they have power to fight.

        • ArdMacha@lemmy.world
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          11 months ago

          There is no money to be earned though if nobody needs office space then all those offices will need to be converted to living space which will reduce the price of domestic homes too.

          • unfreeradical@lemmy.world
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            11 months ago

            The rich want companies to want office space, simply because the rich want their office space to be wanted.