Comment on [deleted]

• Duamerthrax@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Because they’re disconnected from reality. Same reason they’re fine with co2 emissions even though they live in the same biosphere.

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• go_go_gadget@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Because most shareholders are boomers.

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• Blackmist@feddit.uk ⁨10⁩ ⁨months⁩ ago

  Because they also hold shares in the companies that rent offices.

  None of these businesses have given up their office spaces. They’re also likely on very long term contracts. Not using them is wasting money.

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  • HauntedCupcake@lemmy.world ⁨10⁩ ⁨months⁩ ago

    I agree with you, but want to point out that not using offices is just perceived as wasting money. They don’t actually lose any money if the office is used or not, they might even save money on utility costs and supplies. It’s just sunk cost fallacy.

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  • SCB@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Because they also hold shares in the companies that rent offices

    You know this isn’t true, right? Like, you know that?

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    • meyotch@slrpnk.net ⁨10⁩ ⁨months⁩ ago

      Never heard if REIT?

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      • SCB@lemmy.world ⁨10⁩ ⁨months⁩ ago

        C’mon man. You’re being serious?

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      • WarmApplePieShrek@lemmy.dbzer0.com ⁨10⁩ ⁨months⁩ ago

        And banks! If you own bank stocks, you own mortgages. If you own the S&P, you own bank stocks.

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  • KevonLooney@lemm.ee ⁨10⁩ ⁨months⁩ ago

    But companies are owned separately. Reducing office costs would increase the value of the renting company while decreasing the value of commercial real estate, regardless of their ownership.

    Investors owning both real estate and the companies renting that real estate are not colluding. One investor who owns 90% stocks and 10% real estate is not going to help out another investor who owns 90% real estate and 10% stocks.

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  • Ilovethebomb@lemm.ee ⁨10⁩ ⁨months⁩ ago

    Because they also hold shares in the companies that rent offices.

    Source?

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• crsu@lemmy.world ⁨10⁩ ⁨months⁩ ago

  They own REITs

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• Ilovethebomb@lemm.ee ⁨10⁩ ⁨months⁩ ago

  They don’t, it’s a statement that people are repeating because they heard it from someone else, with nobody stopping to actually think about it.

  There is no conspiracy by CEOs to get people back to the office to prop up real estate values.

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