Working from an office is certainly good for keeping the price of commercial real estate high. And if you’re a bank who loans money to people who buy/build commercial real estate with that money, and then the value of the commercial real estate falls... well you’d be in for a giant world of pain.

If people can’t repay their loans you’re now stuck with something worth a lot less than all that money you gave out. OOPS.

I’ve been wondering what banks are going to do about this one. It’s a long term trend happening much faster than anyone could predict.