That is a huge pressure, but it’s less obvious why a company in a business unrelated to real estate would want real estate prices high.
The secret is that companies aren’t in the business of making a good or providing a service, they actually are just giant schemes for raising money for “investments”. For example, airlines don’t make their money off of selling tickets, but through prospecting jet fuel. Most companies aren’t as direct and clear about what their business actually is.
Also the link between real estate and all of jobs isn’t very clear and is very abstract. It’s easy to see the costs and interactions with companies forced by working in an office, it’s difficult to see how a building losing value effects anyone.
gmtom@lemmy.world 1 year ago
Yeah, this is BY FAR the biggest reason. Pretty much all the rich people and most big companies have huge investment in portfolios that contain a lot of commercial office spaces. If we were all allowed to work from home those investments would plummet and all the rich people and big companies would take MASSIVE losses on those investments. Which is why all the media and even companies like Zoom are trying to pull a 180 on working from home.
Blaze@discuss.tchncs.de 1 year ago
Zoom forcing employees back to offices still baffles me
bemenaker@lemmy.world 1 year ago
The video conferencing software that saved the world during covid and made all the companies survive the lockdown.