Working from home could wipe $800 billion from office values globally | CNN Business
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Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report.

McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.

  • @foggy
    12•9 months ago

    Listen, we bailed the banks out once.

    If you make a bad investment, you make a bad investment. Literally, eat it.

    • @AllonzeeLV
      3•9 months ago

      Lol, they decide who gets bailed out and when. Spoilers: They pick themselves every time.

      The Fed exists to make the rich richer at everyone else’s expense. Every decision they make is self-protection, and it will always work, because they have all the power, and you and I none.