Remote Work to Wipe Out $800B from Office Values, McKinsey Says
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Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#2I refuse to be miserable in an office just for someone else's building value.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#3One man's value is another man's cost.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#4I refuse to be miserable in an office just for someone else's building value.
No one is asking you to come into an office just to boost their landlord's property values. That would be a money losing proposition for the company.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#5Alternative title by me: Remote work frees up $800b to be spent more effectively.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#6"Remote work risks wiping $800 billion"
No guesses which angle this is coming from.
"Attendance still is 30% lower than what it was before the pandemic and only 37% of people are back at the office every day."
And yet the world has not stopped. In fact everything seems to be going faster than ever.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#7I believe it. It's also going to lead to much more developed suburbs IMO. When you don't have to travel into a city, it's a much less compelling argument to live in one.
I think we're all going to find out that the inflated costs of living that are regularly discussed on here are more a result of people being forced to move to these cities than NIMBYism that's it has often been attributed too. Some people like the idea of moving for work, but I have to imagine that many would prefer to stay closer to their families. This only gets more pronounced when you have kids, especially young kids.
Every mainstream issue that is talked about from parental leave to child care cost is amplified because so many people have moved away from their own parents for work. My in-laws moved near us when our oldest was 7 years old and the before and after was life changing in how much easier it made everything.
I greatly prefer space and trees to the alternatives.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#8The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
Re: Remote Work to Wipe Out $800B from Office Values, McKinsey Says
#9One man's value is another man's cost.
Yeah, why isn't the headline Remote Work to Save $800B on Office Rent?