i read a book as a kid about what happens to a world where the moon starts to crack and fall, and this is exactly how i would expect that to start

Examples?

That’s not how this works

Commercial real estate. People still need places to live

I know people may not like this, but I think state or local government should buy the land to build affordable housing since nobody else will

Were legit in the midst of a commercial real estate crisis. Much better than residential as it mostly effects people with a ton of money, but we’re about to witness it regardless unless they make people come back to office.

Certain industries like biotech require physical workspaces though, so maybe those?

Condo prices in San Fran are already down 20%, which is beating the national average drop explained by mortgage rates

Por que no los dos??

Low supply of housing = high prices

High prices = people can't buy houses but corporations can

Houses still being bought at high prices = even higher prices

Even higher prices = people still can't buy houses

Your numbers are right, but one item is important: He didn't even lose the $50M. He just lost access to the $50M for a short period of time. The FDIC is guaranteeing all depositors will get their money back (normally they "only" guarantee the first $250,000 in an account, but in this case they're covering everyone).

Beneficial behaviors like investment? Benefits who? Trying to out talk the 99%ers is old. We don’t give a crap about all of the economic speak that is thrown around as wealthy folks get bailed out by the government while their heads explode if we talk about forgiving student loan debt

I can see hybrid happening but not on the weekly basis everyone's trying RN. The whole "you need to be in office 2/5 days every week" is so bad IMO. Everyone picks different days so you don't actually get the desired productivity of everyone sitting down and working together. Having 2 work days different from the other 3 throws off a lot of routines resulting in a bunch of wasted time. Plus when people are actually in the office together they spend a lot of time socializing because they haven't seen each other in a week. (Which I guess isn't terrible from a team building perspective but there are better options)

It needs to be spaced out and concentrated to minimize the disruption from changing work locations while maximizing the benefits of working collaboratively. Something kind of like the annual shows/expos/conferences that a lot of industries have but at the company or team level (depending on company size) and a little more frequent (monthly, every few months etc). Ideally they have some well thought out goals/projects you need to work towards together and a couple social activities for team bonding while everyone's together.

Thaaaaat’s a shame…

Yes let's make the office and office space historical documentaries.

Let's outlaw zoning laws. Then the problem will be solved.

If only someone could crash these big banks / hedge funds to force them to fire sale properties and govt buys them and rent/sells them to people who can't afford homes.

But we clicked the link. “Journalism” 2023 style!

Yes but it's harder to see. Since the real estate crash won't be over night and covered on Twitter

Why not just demolish them all and convert it back into parkland, orchards, farm land, public execution squares? Like Detroit?

Oh no!

Anyway…

Offices are nice. But cubicles open layouts and terrible commutes are what makes wfh better.

It certainly will not be going to help affordable housing

Both water and electricity run through my walls. Do you think they are just mixing around in there together? Lmao.

Good they need to convert all those empty spaces into living spaces and apartments. People need a place to live out there.

PayPal was never worth pennies, but he was able to give it to himself for a fraction of a penny because he was a founder.