Amazon corporate workers plan walkout next week over return-to-office policies

Re:Amazon corporate workers plan walkout next week over retu... by LapsangGuzzler on Tuesday May 23, 2023 @09:21PM (#36052883)

There’s no way that someone as wealthy as he doesn’t own at least some commercial property. Even if not himself, Tesla alone owns billions in CRE, not to mention his other companies.

Commercial properties are some of the most valuable assets a company owns, of course the guy wants to keep CRE values up. Just because he owns some transportation companies doesn’t mean he’s allergic to CRE, that’s kinda naive.

That’s like arguing guys at his level don’t donate to both political parties when they clearly do. Because by doing that, you get to own the whole system, not just a piece.

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Re:Amazon corporate workers plan walkout next week over retu... by otterley on Tuesday May 23, 2023 @09:49PM (#36053103)

Counterpoint: Berkshire Hathaway owns practically no commercial real estate assets.

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Re:Amazon corporate workers plan walkout next week over retu... by LapsangGuzzler on Tuesday May 23, 2023 @10:00PM (#36053179)

But they definitely own a ton of stock in companies that own real estate. 10 percent of their portfolio is in Bank of America, which has a huge commercial real estate lending portfolio. Berkshire doesn’t need to own CRE directly when they own companies that do CRE.

Commercial real estate is foundational in corporate finance. I guess I just don’t this argument that these huge companies aren’t somehow exposed. I guarantee you that if the CRE market tanks, Berkshire is gonna feel it too.

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Re:Amazon corporate workers plan walkout next week over retu... by ydlr on Tuesday May 23, 2023 @10:19PM (#36053303)

https://bhhspremiercre.com/

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Re:Amazon corporate workers plan walkout next week over retu... by otterley on Wednesday May 24, 2023 @03:32PM (#36062907)

That's a brokerage, not a holding company.

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