Hybrid work leaves offices empty and building owners reeling | 60 Minutes 

Beautifully said!

Hear, hear!!!

Or getting mugged and then the criminals get let go a few hours later. Cities are ran like garbage (bad Democrat policies), why would anyone want to work in a city?

Bring your lunch to work it'll save you 15$, i wish i could stay at home to keep your power on but I can't.

Maybe if you didn’t vote for Biden your measly paycheck would still go a long way.

Yes, he is biased. However, I do think the ritual of going to work is good for me. Getting dressed up a little, socializing, change of scenery, etc... Zoom calls are brutal.

@@surebrah I don't mind a hybrid setup - spending a couple of days in the office and then the rest at home to actually get stuff done. I never found my time in the office to be optimally productive. I need some time where I talk and communicate with people but then the rest of it is solo work. Of course the talking could be via Zoom but if I'm at the office I can have some good conversations with people who are there. Sometimes those conversations are unrelated to the work I do, but I get a feel for what else is going on.

Never take advice from a person with a vested interest in the outcome.

@@surebrahthe issue is that a lot of jobs don’t need a permanent cubicle in some building. CEOs in many industries (except real estate) now see they have been able to get record profits using less office space allowing people to work in office only 2/3 days per week. They see the cost savings of ditching offices and are going for it and Wall Street is rewarding them with higher stock prices.

Exactly😂

Preach queen 🗣

Organize a Work From Home America Association to fight back and keep it that way.

Avoid traffic, let others to breathe, zoom meeting for 5 days, then social gathering weekend, very productive

As a matter of fact, university dorms should be allowed to be replaced by home. Students complaints on room mates behaviors will be gone. Zoom classes will be pollution free. Come to campus for final exams. Save time and money

Turns out it’s more efficient too.

Same

Since the pandemic is not over as most people wpuld wish to, it is still a safety and health measurement.

I would not want to work from my tiny apartment...

I laughed so hard when I heard that.

And yet you live there lol. Maybe work from there. And then in your free time you spend away from there.@@iamcleaver6854

he's saying that because his stock went down 50% 🤣🤣🤣

I'd rather hang out with people than a dog.....enjoy your home work.

​@@roasthunteron behalf of remote workers across the globe, we will.

That dog is a real selling point.

Saves money in many ways. Child care a big issue too. Even dogs as they need to pee lol.

​@@roasthuntervideo conference

Also you're supposed to feel bad for a guy who owns a sky scrapper in NYC😂😂😂😂. Poor guy😂😂😂😂

Some people are saying it’s going to be bad for business.

@@steverogers7601 that's the thing with the free market... you shouldn't try to prop up businesses that don't work. If your business relies on workers unnecessarily being forced to come into the office, maybe it's the business that is the problem

​@@steverogers7601that maybe true, but you cannot stop progress from happening, especially when the vast majority of people want it. Businesses need to adapt to the current demands and conditions of the market, like the successful ones have done in the past.

Yes

Anything that hurts his stock price is bad for society/business/people.

Yes and he spoke like someone that has no personal responsibility to take care of children or elderly parents because he can hire nannies, nurses, home health workers.

Greatest "societal problem" - yeah right.

​@@GameFuMaster it's immoral to make the rich slightly less rich /s

exactly, the rich commercial real estate landlord acting like "the internet never happened." and colluding with the banks and other businesses to orchestrate everything and force "back to the office" that is totally unnecessary for many many workers. the internet isn't "going away" someone should tell this group of "business geniuses" who couldn't see the writing on the wall 20 years ago

That’s dope

Why’d you join the reserves? Why not go active?

Good to hear!

@@Me-eb3wv because I have other things in my life that matter besides the military.

Schadenfreude

yes

And has plans to build his own "trophy building"! Bahaha #unrelatable

🤣🤣🤣

Yes. You're supposed to side with rich owners against the workers. This is what corporate news has been saying for years.

you all need to organize a Work From Home America Association to lobby the hell out of the government to fight back against these highly entrenched billionaire commercial landlords, banks, and other "trickle down" mafia colluding and trying to force "back to the office" that is total nonsense and totally unnecessary for many workers because of the internet. If you don't organize and fight back, the special interest "trickle down" concentrated wealth and power behind these so-called "valuable office properties" are going to keep colluding and lobbying the government, trying to force this "back to the office" nonsense. And if they don't succeed they're going to try to pay cut you. You all need to fight back. There should be absolutely no pay cuts by your working from home. You are doing same job as before, online, and probably even doing it better, and at the very least, you should always be getting same salary and benefits whether you're doing that job at home or in an office, makes no difference for pay and benefits. Work from home people need to organize and make sure there are no pay and benefits cuts by these bloodthirsty office landlords, banks, corporations and "trickle down" mafia that are trying to orchestrate forced "back to office" nonsense. Your company is paying you for your education, time, work, training, experience, NOT whether or not you're in an office.

You aren't alone. Almost all studies lead to the same conclusion as you. The only people complaining about WFH are micromanaging companies and those who stand to lose billions of dollars on corporate real estate. Surprise, money drives all their decisions.

you are absolutely right. I started WFH in 2017 before the pandemic and everyone thought i was crazy doing this - until covid hit and the world realized how great it is

I would literally prefer to start my own business even if this means being poor than go back to office 😂

Exactly. There is no way I'm going back to office. Done that for 15 years and never again. Been working from home for 11 years now. No boring and dangerous commute, I can hang out with my dog while I work. I don't have to spend money on gas/commute. And it saves the company money as well. And I'm actually more productive working from home.

I've also heard that it's needed to support local restaurants and coffee places.

Without people, managers don't have a reason for a six figure salary. People who do the work, get the credit. I laugh when I see all the marketing of 'REITS' as the current hottest investments, knowing they're all doomed. Remote workers are not going to return the toxic work environment without a fight.

And it didn't even work. There's people that showed up early everyday to do as little as they can possibly get away with and be nothing but a drain on everybody.

What he means is that is bad for people like him.

I know, I was thinking the same thing. I don’t know about anyone else, but it is stressful driving downtown to work, going through security, and all the other crap just to make it to the office besides the tear an cost to my auto. Thank God for remote work!

Yes wfh has been great for me and the environment.

@@louismilum3669 tell me about it. i had a recruiter told me to just get a new cheap car for a hybrid job and i was thinking why though? whatever meager raise i'd get with them will all go to the car and i'd end up spending more for maintenance and insurance. may as well stay my current hybrid job.

As an electrochemical engineer and a material scientist, I cannot imagine why I would want to work from home

You will when they cut your wages. They always win.

Won't someone think of the rich people!? 😂

@@BreakingGaia without these demonized rich people, you wouldnt have many jobs. I know I wouldnt want to take the financil risk and responsibility of owning a business. Yet this odd little lie mainstream media propoganda, still persists.

@@BreakingGaia I feel so sorry for them, let me play a song on the world's smallest violin.

See a specialist and get that prescription for a CPap or BiPap machine. Makes a huge difference. Also see an Eye Ears and Nose specialist to make sure your sinuses are not obstructed - benighn polyps in my case.

@@carlfromtheoc1788 Thank you; did both. The CPAP machine caused me issues sadly - my throat would randomly slam shut in my sleep. Thankfully no polyps.

Maybe you shouldn’t have taken a job with a 90 minute one way commute to begin with?

@@BlownMacTruck Thanks for the compassion, You have to go where the work is and not every job is close by! Sounds like you have lots of options so good for you.

Less commerce, stores going out of business. Lost city jobs, lost repair maintenance business. It’s not a good thing

Good. I hope they keep freaking out and cry about it.

@@JayBelafontenobody has to work in an office if it’s not needed so they can collect money. Gotta find a new way. They’re only losing the money they got from inflating prices. All landlords are feeling it they’re not special and have way more money than the average landlord

@@JayBelafonte Those jobs and commerce will move elsewhere where they belong. With all of the money saved on expenses from people not needing to commute they will have more money to spend in the economy elsewhere on things they actually want. There is also the MASSIVE savings in time which is hugely beneficial for both business and leisure time. People literally spend a huge portion of their life just sitting in a car not being able to do anything productive at all.

@@JayBelafonteno, people still need to eat and shop. It simply means the current location of shops are not designed to last.

They can't stand that people are no longer forced to move to the big cities, pay that horrendous rent for a small flat and stuff their wallets. I totally relate to you, I live in Poland and work in a global company with HQ in the US. My team is spread across 3 continents, I collaborate with colleagues from the States, Netherlands, Singapore and Malaysia. And guess what, we are quite successful in this.

It don’t mater if all these buildings can’t pay back them loans and the banks start to go under that will effect all of us don’t matter where you work

I find it interesting because they have been off shoring jobs for years, essentially making them remotely because they’re not making these people come into the office when they want to since they may be outside of the country. In my opinion commercial real estate is the age old story of blockbuster vs Netflix, is either adapt to accommodate residential space, communal space like in other metropolitan cities like Japan or even places in china, or let go of the space cause clearly can’t afford it. NYC still has a great need for garages and affordable places to live, so then make it that. Landlords are obsessed with profit and are upset because they can’t get it from all the offices that wanted prime real estate. The truth is going to the office isn’t what it used to be, even lunch costs around 10-15 bucks without tips, that is ridiculous in any way shape or form.

Not to mention better work life balance

Making workers more efficient should be the goal of any employer. If, as an employer, you can make employees happier by not having to commute, then they are more likely to be more efficient. Certainly not all employees, but a large majority of them. With today's internet able to make video conferencing possible for the smallest thing, in person working is not required for many jobs. Employers and companies generally don't like change, and therefore resist this change. COVID, while being bad in some says, certainly had some silver linings. In the end, I think we, as a society, will become more efficient for moving work to home (where appropriate). Your story is just one of many and an example of how this can work better for people. As for what happens to these buildings, I suggested in another comment turning them into "communities". A floor or 2 as grocery store, then a few floors for other amenities that a normal neighborhood has, then apartments or condos above. Workers could be telecommuting from home and have most of their needs within the same building. I can't imagine why someone would want to live in a structure like that, but then I am a country guy. Perhaps city folk born and raised in the city would like it.

And they, the developers of commercial and apartment buildings in the downtown areas, made sure it became prohibitive to live and commute there.

It's been a lie for quite a number of years. The pandemic just exposed the lie.

It is about control

nailed it@@johnhender

It wasn't a lie, it was opinion. Until covid there was no evidence to support wfh

Agreed. Even bigger than the Maga lies

I thoroughly believe that there is a better option which would be a 4 day week. If you gave people the option of a 4 day week physically present or a 5 day week working from home, paid the same, I'd bet 90% of people would choose to regain a whole extra day for themselves and still make the commute. It would be better for the economy as there would be an extra day of leisure which would encourage people out to spend money enjoying themselves, and, when they do come back to work they're more productive due to being more rested every weekend of the year. This has been studied many times and is proven. I actually like going into the office. The issue is not getting out of the house and having a change of environment, the issue is just how much the week drags on by the time you've got to Friday. The reality is we're much less productive working remotely, too, and even though we don't have to leave the house to work, we're still chained to our desks 5 days a week. I think the 4-day week middle ground is obvious and would be the best thing that could possibly happen to us. We used to work a 6 day week and technological advancements allowed us to work 5. That was a long time ago and we've come so much further, we are overdue a 4 day week.

Seems you haven't been paying attention - at all! lol@@Hashterix

@@Hashterix You go ahead and waste your time and money going into the office serving your corporate real estate masters. I will continue enjoying a fully remote work life.

I believe he met that before people who work at the office would spend money at the local eaterys or shop at the stores. Now that is not happening and shifted elsewhere, that city won't get that cycle like before. There is pros and cons on working remote.

@@mega1meyers a whole day back for yourself. Think about it. A 3 day weekend.

I'd like to see some of these buildings used for that; housing, gaining the right support, gaining skills. Of course I've oversimplified the matter but need to start somewhere.

It's not that simple. It's like trying to turn a cargo tractor trailer into a honda civic, its wasteful and difficult at best

Thats not the same at all 😂​@Dre2Dee2

Nope. It CAN be done.

​@@Dre2Dee2 they are literally doing it in the video, did you watch?

and Trump PAID off his loan, but they went after him

《Sarcasm on》Think of all the suffering billionaires. So sad. 《Sarcasm off》

All of human history is a tragedy. This is nothing new.

They'll find a way to crash the economy and have citizens foot the bill. I realized this awhile ago. This is going to be another 08' (a slow motion drawn out version) driven by commercial real estate instead of residential.

Absolutely. Maybe they should have planned for the future

Excellent point. I'm sure many businesses have worked to make accommodations. But the disabled usually have a much better set-up at home. It's probably a night and day difference between the office and home.

Yep if remote work was a possibility in 2012 I might not have had to go on disability actually. I’m so glad I did though, otherwise I would be disabling myself for some dudes commercial real estate investment. No thanks.

Preach, working Americans are burned out from working everyday and just having what you need. We are stressed out, underpaid and overworked. The panaroma made people re-think life.

My mom developed dementia in the early days of covid. Remote work happened for me at the exact time I needed it. I'm very thankful. The company wants people to come back, but they have settled for a hybrid arrangement.

So it hurt the multi-millionaires but helped a disabled person.

oh no the tax revenues

@@davidho1258Don’t need to raise municipal tax revenue if less people are coming to work in the city.

@@davidho1258 tax the rich then.

Bingo! ​@@stanleycoleman

​@@davidho1258we're beyond sick of commoners shilling for the very wealthy

I hate when people say BS about "being in office encourages collaboration". I'm sure that's true in some Industries or companies, but every job I've had my bosses want me to show up sit down shut up do my job and not bother them. And I'm fine with that. If I need the collaborate I can message someone, email them, call them, or get on a video chat.

no one "lives by renting office space" the only one profiting is the greedy municipalities via their continued inflation of property taxes.

Seems like a rich person's problem to me. F their stock value.

It sure as heck doesn't increase productivity, but yeah.

@@MakerInMotion are you 100% sure that is true in all cases? Do you include travel time in your productivity story? Any other fictional points you want to make.

Exactly, why would be allow them? we can't even afford an small house and they are complaining their multi-million building is not as full as it was before? Affordable living for everyone is a much more important and pressing issue

The risk is only for normal citizens with real bills, 401k's and such.

Yep that is how big banks worked with the sub prime mortgage fiasco, privatise profit and make loss public.

100% correct!

❤

Did you listen to the professors remarks regarding Property Tax towards the end?

@@thomasfleming2253 yes, but that’s not a new statement. We aren’t going back to 2019. The answer isn’t to shove folks into offices to deal with structural issues with city taxes. The answer is to rethink how those are funded, to replace the tax revenue that is never coming back. The rest is just copium.

Amen

Put all the homeless and low income people in downtown skyscrapers? Where do i sign?

Easier said than done

Office spaces are not designed to be housing you have to do ALOT of work to convert them

Should still do the work. There's a housing crisis.

@@davidpak271 as opposed to the better alternative of doing no work and leaving them empty. Or spending even MORE work to build up new apartment buildings as opposed to conversion? Tell me you're not smart without an IQ test

Please talk to all work from home people you know all your friends associates etc. and organize a Work From Home America Association to lobby the government for your labor rights. The "trickle down" office landlords, banks, and other special interests are all colluding trying to force "back to the office" on everyone, not for any "good" but only because they have a lot to lose due to their years of foolishness pretending "the internet doesn't exist" and the world "hasn't changed" and their "assets valuable" at any cost, and they need to be counter-acted. The truth of the matter is they owe millions of workers back pay for the uncompensated commuting they got away with stealing from us for years.

But it is imperative for work from home people to show solidarity no matter what work from home you're doing, organize as an association of Americans and fight back, fight like hell, or they're going to take it all away from you, they'll try to limit your opportunities, and go back to pretending the world "hasn't changed"

I used to live in NY……it's a tough racket.

Same!

Oh snap! Good job, you're lucky and smart you had that 800k job

I'm guessing by your username your in software If you don't mind can I get your info of something to text , I'm Still studying now and aren't looking for a job yet but it would be great to have someone to ask a few questions to once in a while instead of yourube videos

I prefer not to live under house arrest. Hybrid is best I think. Or subsidized co-working space

@@bigdreams5554 this sounds like a you problem. I shouldnt have to be forced to endure traffice, put wear and tear/miles on my vehicles because someone doesnt have any hobbies to keep them occupied.

@@bigdreams5554noone is keeping you at home lol how is it house arrest

@@ML-yn9yu But now you need a home office or spare room where you can work. People who were mostly single and living with roommates are now stuck in one room for the whole day. Works both ways. Good for some, not ideal for others.

@@quitegenius anyone under the age of around 40 grew up with computers and computers are now required. Everyone who has a computer has a desk AND room for said computer. Most desks will have some for a work laptop. Problem solved. And you would be in one room all day if you were at work or at home, so that point is moot. I've never, ever heard of someone complain because they didnt have the space to work from home.

I wonder why theyre all like that ✡

Started to realize that the executive team and a good amount of management was useless when working remote.

Fu life balance.

@@f4ll3nzr0my manager is genuinely good at getting things for us and making sure we can do our jobs. Doesn’t hound us on teams, doesn’t micromanage, doesn’t try any BS games. That said, life is so much better working from home and I think my manager wants it this way too. I’m sure they’re job has gotten a lot easier.

Not a good work/life balance for me. I need people like the friendships I developed at work. Very lonesome.

Care to share which company and are they in need of a PM?

Please share which company it is?

The companies that realize this will be able to steal their choice of top tier employees leaving the old businesses to flounder.

@@bokisuba9702 I did share, I think 60 minutes deleted my comment.

@@GMacII Did you see my comment before 60 Minutes deleted it? Just sent me your email

That's true, they were "NON-ESSENTIAL" and they didnt bat an eye Well guess what? Commercial office space is "NON-ESSENTIAL" because obviously, we don't need it Shoes on the other foot now

Very good advice. I did just that, yet way before remote work was a thing. I'm in finance sales and realized I could work from anywhere when I started traveling abroad around 2000-2003. I would bring my vonage internet phone and plug into the hostel/hotel internet once I got to my destination. I realized my customers thought I was still in the office. I had an "ah ha" moment around 2005 while walking back to my hotel from a Peruvian beach after a surf session. I thought "why dont I look for inexpensive land here, build a house, get internet, and live here like a king". Instead of walking to my hotel, I walked along the beach looking for land for sale. I saw a large land, called the owner, and bought it same day for 7k. That purchase changed my life. When they say "living like a king" its literal. I hear the waves crashing as I sleep and see the sunset over the ocean from my balcony. I go out to restaurants nightly, having fresh seafood/Peruvian food for around $4 (includes drink, appetizer, main). I started a Montessori school for children, own a restaurant on the beach, a cabin in a fishing village, a tiny home in the jungle with view of the 3rd largest waterfall in the world, a condo in a larger city, and 4 other lands that I have yet to do anything with. Why did I mention those things? Its because none of that would have been possible if I wasnt working remote. To all of you dreamers out there, now is the time to do it. We are all living in a waking dream. Most of us just dont realize that we can control this dream by action. We only have one life and there has never been a more perfect time in history (due to technology for the most part) to live it how you want. Trust me, you will look back at the life you created and smile. Good luck to all of you.

You make so good points. The high rise model for office work is not the only solution for companies looking for floor space. Outside of the US a more integrated model of urban planning is only display. Low rise offices distributed over a wider area and mingled with houses, apartments and shops. It’s less dense but more liveable. No concrete canyons, wind tunnels or streets that rarely see the sun.

Welcome to the world of many musicians who have been undergoing a slow-motion version of this since the early 2000's when streaming and the reliance of free music platforms to access music has diminished greatly income stream and the music stream companies give a pittance unless you really have millions upon millions of listeners. Artists tend to be the canaries in the coalmine when it comes to economic societal disruptions that don't seem to affect those outside the arts at first but then it does.

Your last paragraph especially…. Is 100 accurate and what people need to do.

Thailand is no picnic. They have horrible traffic (especially in Bangkok), horrible hot summers, and plenty of people out to scam you. As someone who grew up in South Asia, I am always amused when I hear Americans daydream about living in these countries. Why do you think so many people want to move to the US from those countries?

Yeah, I can’t tell you how valuable not having to leave early or take an afternoon off because you have get work done in your house. I don’t need to take days off for anything that I can simply schedule around a lunch break. That’s incredibly valuable.

Yup! Often it was tech companies too the worst offenders. Think of the movie "Office Space." And they'd try to bait you with all kinds of office amenities..."we have a gym, and a really nice cafeteria, and a games room you can play ping pong or pool during breaks, and BS!" Cause here's so many cubicle workers and cogs in THEIR machine: "I don't want to be here anymore than I have to be! This is YOUR building NOT mine! Maybe it's a more pleasant place to be than some others, but we're not so dumb as to not realize we do NOT have to be here! It's BS that we are so much that we keep being pressured to more and more as well!" Place I worked right out of college they built a new building, and indeed offered us so much more in fluff. But I resented it because I'd have much rather just been paid more in salary!

Welcoming your own demise and you don’t even understand why.

@@johnqdoeNo, you just have antiquated thinking..

@@teds9896 Well, conversly, I started work in the 'Big Smoke' as CBD's were called way back then(60's) and it was great, as at that time all the quirky and old Pubs were still extant which served delicious lunch fare and variety. I am glad that I missed this 'work from home' stuff on computers as all my office was paper shuffling, processing. At my last place there was just one (small) computer on the seventh floor, ancient now ! All the rest was filing and processed by paper !

My dad spent his career commuting to Midtown Manhattan. He left our house at 7 am and he got back home at 7 pm. He spent four hours out of every workday commuting. I'm amazed he was able to do that for 30 years.

@@RobCummings - My commute was similar (Bucks County, PA -> Jersey City, NJ) for 18 years and you couldn't pay me enough to do that again.

It's still the nightmare of wishing life.

LOL

Oh poor land lord!!!

Think of the boomers and their worthless reit investments.

Missing the point.

Right! 😂

See people, this is information that should be shouted out loud and clear.

All while trimming staff and cutting labor costs. Great time for investors...

The loss in tax revenue will have a huge trickle down effect. Being able to fund education, police, fire and general city services and their budgets in general, they will no doubt have to get creative in order to replace that lost revenue. Some will come from gas tax increases, toll road increases, and raising the tax of the buildings that are not yet vacant, including high rise apt complexes eventually everyone is going to feel the pinch when it comes to a loss in tax revenue.

@@a914freak workers are leaving the Metropolitan areas.

@@a914freak -- Cities will still tax the properties. Landlords will have to get creative in order to attract tenants.

It's just so crazy, I live in New York City not far from Manhattan even and it's takes a little over an hour to get to an office. I'm not waiting for the bus and wasting my breath, no thank you. A bus and two trains. Absolutely ridiculous.

offices suck

exactly. and companies have been getting away for years with not compensating America's workers for our commutes. We have a TON of time, energy and expense wrapped up in and lost to our commutes, bus fare, subway fare, taxi fare, and worse wear and tear on our vehicles, interest payments, car insurance, hours in traffic, idly wearing out our car engines, road stress wearing on our health, and risk to our lives on the roads to get to the office, etc. All so far uncompensated! It is very telling that the "trickle down" office landlords, banks and other special interests colluding to try to force "back to the office" say absolutely nothing about the uncompensated commute that is "free" labor for the companies@@user-wp5qo6qg7q

Especially not one in a high-rise.

Wouldn’t live in a high-rise either…

Is it worth the 2 likes?

That's theft IMHO. They are corrupt.

Who says there's not a different book of rules for the very wealthy? Does anyone still think so?

Same kind of dude that will tell the younger generation to "sacrifice" and "take responsibility." The scary thing is that those types of people control what local and federal governments prioritize. None of these stories are about the positive impacts on workers.

@@RoderickPommiergreat point! I also wonder just how hard they’re trying to legislate employees returning to offices.

It's not theft. The lender and borrower agree to terms under which the loan is made. Maybe you don't think they should have agreed to that, but it's not theft. @@carolr7823

Covid backfired? Because it was some type of conspiracy?

Well said. 100% agree

I am happy for you! Seriously, I wish we all had that. I love peace and quiet

💯

Selah

It’s a win win.

Not really. We didn't have the bandwidth or the VPN security widespread until around 10 years or so ago.

Twenty years ago most people still had dial-ups. Computer screens were smaller and had lower resolution. And we didn't have smart phones yet. So no, it couldn't have been "the norm" back when video was the size of a postage stamp and resolution was 240p.

It only works for limited number of professions and professionals. If you actually make things in a building, then people need to be there. People who are not there tend to be detached from day-to-day operations. Managers that deal with people who work on multiple projects may not realize that others may not have the same priorities that they do because they don’t see them except at meetings.

@@jgrab1 twenty years ago "most" people didnt have dialups unless you lived in far off urban areas. Dont make up false things dude

I started WFH in 2007...the infrastructure and strategies weren't ready collectively, and philosophically, industries didn't believe in it. It is the ONLY silver lining of a world pandemic.

So agree with you, from another Aussie.

Yet another reason that Oz is the pits.

The problem is a lot of those buildings were not designed to house people, so you waste a TON of space converting. It's really inefficient to use a building THAT GIGANTIC for housing, makes much more sense to have smaller buildings with a business on one floor, and residences above it.

@@Dre2Dee2the alternative is that it becomes worthless. They need to deal with reality.

Socialize the loss, Capitalize the gain.

Exactly! Absolutely NO bailouts for the office landlords, speculators, etc.! It is NOT "the taxpayers' fault" these office landlords, banks, speculators, etc. all pretended "the internet doesn't exist" until the pandemic exposed their lie and worthless "assets"

When did he leave you?

Completely agree.

Interesting point. I work in IT where outsourcing has been a thing for many years but still, there are many jobs in IT in the UK asking for remote workers. Very infrequent meet ups in various locations.

Remote but located in the UK or EU.

@JB-lp9xr The flaw to your logic is Visa issues.

@@JB-lp9xr Tell that to anyone who has had to work with Indian tech support, lmao. Maybe it will disrupt some industries, but most "dumb work" that can be handled by third worlders for cheaper at the same quality requires being physically present anyways, e.g. harvesting crops.

Charlotte?

They didn't learn from China's collapse.

Same here. The parking lots are empty lol but they are still putting them in.

"Companies will have to decide; do they want people in the office or do they want employee loyalty." love this line. I think any company that demands a full time in the office position is going to lose out on their best talent, especially in tech fields.

@@arnezargarian4583 I work at a big tech company, and my department is fully remote, except 3 people. There is one in Bulgaria, Atlanta, and Palo Alto who are hybrid. I've worked at a variety of Fortune 500s from fashion to retail all in technology and I've never been in a place with such high retention and employee satisfaction. What's even better is the productivity boost as we're no longer limited to working during our time zone hours. We can continue working on projects, products, and more 24/7 while maintaining our connections etc. We work remote but are able to deliver projects consistently ahead of schedule, and have submitted and gained patents on more technologies than we did when the team was partially hybrid. Myself, and many of us have turned down higher paying jobs that are in person because we appreciate and enjoy working at this company, and don't want to impact our productivity and restructure our lives for an in person role. When I was in office, I would often end up wasting the last hour looking at the clock because I was dreading the commute home. Now I work from home, I'm not as hard pressed on starting dinner and working a little more (at times) because I have greater control. Sometimes I have to run to school and pickup my kid or take them to an appointment; instead of taking a half day or PTO I just bring my laptop and tablet and work in the waiting room or in my car because I have the flexibility.

Restaurant owners: First time?

Zoning laws, insufficient plumbing lines, etc.

Prohibitively expensive. Much cheaper to tear down and build anew.

Most can't be turned into apartments because the requirements are entirely different. Apartments need windows and bathrooms and kitchens. Office space typically has bathrooms at the end of a hall and many rooms that have no windows.

​@@carolr7823total copout. There should be funding channeled into refurbishing these buildings into housing. It should be infrastructure spending.

@@Bigrignohio😂😂 Did you not watch this video? They literally showed developers converting an office building into apartments. It’s being done all over the country. The only real problem with it is greed still lives strong. Instead of affordable housing, most developers are seeking to build and sell luxury apartments.