Re:Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
by sirspacey on Tuesday June 25, 2024 @10:58AM
(#40789454)
Having spoken with over 100 CXOs and founders on this, this is never the issue. If you invest in corporate real estate you do it through a liquid vehicle, not owning the actual contracts.
The push to RTO boils down to:
- leaders want the over-committed. Remote doesn’t feel like that.
- they miss working in person as a team and the fuel it provides for getting things done. Remote doesn’t feel like that.
It is almost universally a gut-sense that has driven the effort.
I think it does make sense for the leadership team and their close team members to work in person most of the time.
But there’s a funny flip side to this - almost all of them are on the road most of the time. Coming back to an empty office sucks.
I’ve been building remote-first companies my whole career. I prefer frequent onsites to offices.
But in the end, the prestige of the office, social cohesion of organizing life around it, and personal sense of power from having a team around you are unlikely to be replaced by any alternative for most leaders.
The push to RTO boils down to:
- leaders want the over-committed. Remote doesn’t feel like that.
- they miss working in person as a team and the fuel it provides for getting things done. Remote doesn’t feel like that.
It is almost universally a gut-sense that has driven the effort.
I think it does make sense for the leadership team and their close team members to work in person most of the time.
But there’s a funny flip side to this - almost all of them are on the road most of the time. Coming back to an empty office sucks.
I’ve been building remote-first companies my whole career. I prefer frequent onsites to offices.
But in the end, the prestige of the office, social cohesion of organizing life around it, and personal sense of power from having a team around you are unlikely to be replaced by any alternative for most leaders.