Another factor with the vibes being off (at least in the US): mass outsourcing of jobs thanks to remote work. You used to have to be a multinational company with global entities and offices. Now you can be a 10-person startup with half your people outside the country. When the world went remote many folks were happy with the better work-life balance. But it means that we compete in a ruthless global labor market. Tha…
It's good for American real estate owners, who end up with more money as a result of this, both from offices and from staff who have to live in nearby high COL areas.