Re:Work from home and the office real estate apocalypse
by function_seven on Sunday June 05, 2022 @12:12AM
(#31627946)
An individual investor would need to have that balance to not lose value, sure.
But a society as a whole, is the $500B "destroyed"? Or is there a transfer from the property owners to the businesses that no longer rent the space? The NPV of those decreased rent costs may just happen to be about $500 billion, right?
Not to mention the value gained by all the no-longer-commuting workers.
But a society as a whole, is the $500B "destroyed"? Or is there a transfer from the property owners to the businesses that no longer rent the space? The NPV of those decreased rent costs may just happen to be about $500 billion, right?
Not to mention the value gained by all the no-longer-commuting workers.