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The real problem with commercial real estate is people not coming to work, says Bruce Ratner 

CNBC Television
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Bruce Ratner, former New York City real estate developer and 'Early Detection' author, joins 'Squawk Box' to discuss the real estate market, state of commercial real estate, mortgage rate outlook, Ratner's personal crusade against cancer, and more.

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30 июл 2024

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Комментарии : 127   
@user-ho1pj8vm8l
@user-ho1pj8vm8l 3 месяца назад
When there is no good reason to drive to an office, or as you say "go into work" why should anyone? To float the values of your failing real estate investments? So businesses can pay your extortion high rent to building owners? I'll pass.
@reedriter2
@reedriter2 2 месяца назад
There is still a good reason to go in the office. I learn so much from being in the office that one can't learn by sitting home alone isolate. I hear stuff, for example, that other business units are doing that our team can intersect with. I also build a stronger working relationship with the executive team.
@user-ho1pj8vm8l
@user-ho1pj8vm8l 2 месяца назад
@reedriter2 have you tried just asking around, browsing documentation, roadmaps on jira or confluence or github? google docs? reading other channels in slack or teams? you know: where all of this information is laid out better and available for everyone to see whenever and more searchable and easy to reference details from later?
@KK-pm7ud
@KK-pm7ud Месяц назад
The reason to go in is that you get paid. Shut up.
@user-ho1pj8vm8l
@user-ho1pj8vm8l Месяц назад
@@KK-pm7ud not if I quit for another remote job you jamoke.
@amatuer2
@amatuer2 3 месяца назад
Since Covid, the company i work for allows me to work anywhere I want. As long as my assignements are complete its all good.
@nutsbutdum
@nutsbutdum 3 месяца назад
"Guys, remember how you worked from home for two years straight without major problems!? Yeah, we need you to forget all that and come back to rent our overpriced buildings. I got a mortgage on my third mansion in the Hamptons, it's not fair!"😂😂😂
@stevechance150
@stevechance150 3 месяца назад
And then when you come back to the office, we're going to do our best to replace you with AI, so we can pay our CEO even more money.
@reedriter2
@reedriter2 2 месяца назад
Except what's happening at certain companies is that once they figure out they can't get their local workers back in the office, outsourcing to India suddenly becomes more attractive again.
@jonathanhart8046
@jonathanhart8046 3 месяца назад
What a terrific guest. No BS . Very refreshing.
@wnose
@wnose 3 месяца назад
1 hour driving to work, then another hour driving back. 2 hours a day.... 10 hours a week.... 500 hours a year. What could you do with 500 extra hours a year????
@jemje2007
@jemje2007 3 месяца назад
I used to do it for 8 years. It was exhausting. Now I only drive 15 minutes a day.
@reedriter2
@reedriter2 2 месяца назад
The downside is that you are more likely to be laid off as a remote worker.
@shangpush
@shangpush 2 месяца назад
Exactly! Every metropolitan area across the United States experiences bumper to bumper traffic jams of commuters twice daily. One person per car emitting greenhouse gases and heating the planet further. Decade after decade, same old same old. Utter insanity. Work from home is a major step in the right direction. Why not high-speed rail?
@jarrodmagnusson4101
@jarrodmagnusson4101 Месяц назад
@@shangpush How can oil which is supposedly from dinosaurs cause damage to the environment? Everything thing we are using is from the earth.
@ravikurup8350
@ravikurup8350 3 месяца назад
Petrol prices are at an all time high and employers are not offering any compensation. Prices of food is also skyrocketing. Better to stay home, save money, and less carbon pollution is good for everyone
@HelloWorld-hb7yt
@HelloWorld-hb7yt 3 месяца назад
at least he is honest.
@XxXenosxX
@XxXenosxX 3 месяца назад
No need to go back to office when the same thing is accomplished without huge real estate expenses
@Andrew-3445
@Andrew-3445 3 месяца назад
He wants us to go back in so the Scrooge McDucks don't have to sell their 10th vacation home and yacht. It's so costly for us peasants to go into the office though, both in time and money.
@Rob_G716
@Rob_G716 3 месяца назад
No one is working in commercial offices anymore. It’s over!
@stache1954
@stache1954 3 месяца назад
It's a societal shift.
@braven07
@braven07 3 месяца назад
Agree. Work from home isn’t going away
@Lobsterdollar
@Lobsterdollar 3 месяца назад
Or a wealth transfer
@geraldbrowne
@geraldbrowne 3 месяца назад
Love this guy
@southrichmondtofl
@southrichmondtofl 3 месяца назад
his brother had metastatic cancer but don't know what kind and he wrote a book about it? I have many questions about your lover!
@mindyourowneffingbusiness
@mindyourowneffingbusiness 3 месяца назад
Lets go back to office, lets ditch cars for horses, smartphones for pagers.
@stevechance150
@stevechance150 3 месяца назад
Let's go back to the office, so we can teach some AI software how to do our jobs. (Fun Fact: an AI bot doesn't need an office to work in either).
@EricHansen-fr3cz
@EricHansen-fr3cz 3 месяца назад
If you love your career ? It's not Work ..
@EricHansen-fr3cz
@EricHansen-fr3cz 3 месяца назад
@wbay3848 100% whats your career ? Am retired & part time work now $
@ericp4573
@ericp4573 3 месяца назад
People are willing to work for less money from home, and do more work. On top of that these big companies are saving tens of millions of dollars a year not having to pay these leases
@Seanpfree
@Seanpfree 3 месяца назад
This is THE END of first time home ownership and the slow death of the middle class in a generation.
@damham5689
@damham5689 3 месяца назад
Long before the pandemic we were all being told that corporations wanted to move to work from home to save money on office space. Then it happened and they said "hold the phone ! We own the building other corporations are sending employees home from to reduce their cost " Corporate rake stepping.
@michaels7258
@michaels7258 3 месяца назад
People are never going back. It’s more productive to telework.
@jonathantaylor6926
@jonathantaylor6926 3 месяца назад
Most of these office buildings are in the downtown of rotting cities. People might not admit it but they don't want to walk past homeless people, drug addicts, and "migrants".
@samuelmbowa6755
@samuelmbowa6755 3 месяца назад
Yet he also said the same cities have a housing shortage
@User-pu3lc
@User-pu3lc 3 месяца назад
Businesses have more than enough data showing they get more productivity out of people working from home where it makes sense. The corporate real estate owners will keep crying but businesses aren’t listening. My company is counting down the days to drop our lease. Massively under utilized space. The tragedy in all this is investors are shifting from corporate to residential real estate and gaslighting people with “there’s not enough housing” across media channels. They are cornering desirable housing markets and manipulating prices of assets and rents to cover their corporate real estate loses.
@judewarner1536
@judewarner1536 2 месяца назад
The real problem is that the people who run everything have an 18-month, profit-driven future perspective. They are never ready for change and just want things to carry on the way they always have. Their second preference, after things have changed, is to return things to the way they were before. There is a HUGE potential market for converting entire dead office buildings into accommodation, which is in short supply everywhere. This is beginning to happen apace in Central London, England with apartments going on the market at £2 million (do your own currency conversion).
@seejendo3290
@seejendo3290 3 месяца назад
When people report on new home pricing and numbers - are they generally inclusive of rent to build? And what does this mean in the context of new home inventory numbers we’ve seen?
@Donkor640
@Donkor640 3 месяца назад
I Love the way he redirects the False-Positive narrative at the end. False-Negative is a much bigger problem.
@Tesfas
@Tesfas 3 месяца назад
what about reducing the cost of these test and making them more accessible?
@CarlChiRealty
@CarlChiRealty 3 месяца назад
You can tell he really is passionate about early cancer detection!
@reedriter2
@reedriter2 2 месяца назад
unfortunately, he doesn't have the data on his side. There is no such thing as early detection. By the time these screening tests catch cancer, it's already too late, if it's usually too late. A lot of the 'cancer' that is caught early is very slow growing cancers that would never have caused any issue. Also, if ou die 7 years after your cancer was caught early, as occurred with my mother, you are considered to have 'survived' cancer, as survival rate is measured in 5 years. All that changed with early detection is that you lived with anxiety a couple of more years, but your date of death did not necessarily change.
@carlyellison8498
@carlyellison8498 Месяц назад
​@@reedriter2- interesting perspective, thank you!
@shangpush
@shangpush 2 месяца назад
The two companies mentioned here are offering revolutionary products that should vastly improve health care outcomes and dramatically reduce health care and health insurance costs. Mr. Ratner's book about early cancer screening will get the word out to the publlic about the importance and ease of change coming our way. Many thanks for his heroic crusade and sharing the very good news about cancer screening blood tests.
@humanbeing5300
@humanbeing5300 2 месяца назад
Well you got rid of cubicles and expect people to sit at an open table and make it impossible to work. The office is the least productive environment for most tech workers.
@SJ-lt6yf
@SJ-lt6yf 3 месяца назад
Great man
@ronie6773
@ronie6773 2 месяца назад
Great content! ❤
@joshm960
@joshm960 2 месяца назад
Is the plantation empty?😂😂😂😂i mean offices
@jalopy2472
@jalopy2472 3 месяца назад
If the companies paid me more to live in the center of the city, then yes I’ll go into the office. Pay me more, or setup desirable company housing, with more than 1 bedroom in a nice part of the city. Then I’ll gladly come in.
@davidwilliams4498
@davidwilliams4498 3 месяца назад
Its very simple an knew it would happen when people shop an buy online brick an mortar stores lose when so many jobs are just computor BS jobs many work at home. This will surely affect all real estate in time. People want this easy great technology though its a jobs an commercial real estate killer indeed...be interesting to see in another 10 yrs how this all turns out.
@MrSuperbluesky
@MrSuperbluesky 3 месяца назад
Becky still Furious cos she has to pay more to park
@peterbedford2610
@peterbedford2610 3 месяца назад
Reduces value of commercial office space , while increasing the value of home office space. Less commuting = lower oil consumption, traffic and pollution ....many costs. But, tax revenues decline and local businesses decline. The US has a very large economy built around people going to an office. This will have impacts all over the place!!.
@VegasVaron
@VegasVaron 3 месяца назад
Real estate, especially REITS are in for a big surprise when interest rates come up readjustment.
@Bjamin9891
@Bjamin9891 3 месяца назад
Make cities safe, fun and livable until then who wants to go back into the office
@uditkumar3255
@uditkumar3255 3 месяца назад
Cities are dabbling with congestion surcharges/Toll and on the other hand complaining about empty offices. Both can’t go hand in hand. If you want de congested cities (main area) let the employment not concentrated at one place and work from home is spreading employment opportunities. Accept it, embrace it, then there is no need for congestion Toll
@herrwahnsinn4229
@herrwahnsinn4229 3 месяца назад
Interesting title. Detoxing must be active every day
@w00deey12
@w00deey12 2 месяца назад
The guest didn’t let them muddy the water with macro rhetoric. Great job focusing on the micro factors!!!
@mikehundt4263
@mikehundt4263 3 месяца назад
Better to prevent it altogether
@eliza5960
@eliza5960 3 месяца назад
People are going to work, they are just not chained to a desk
@thomascuvillier7250
@thomascuvillier7250 Месяц назад
Companies that require return to office have been loosing top talent way more quickly than others who have seen employee turnover reduced. It is over, give up. Companies requiring you to be in office 5 days a week will become less & less competitive over time when compared to others. A lot of companies also really don't seem to understand that focus is key to productivity in the service industry, cramming workers on one big desk is stupid beyond beleif, especially for roles like devs: you were shooting yourselves in the foot with that one.
@paulsaragosa371
@paulsaragosa371 23 дня назад
Very horrific results in the frightening mode s
@mschief-central4940
@mschief-central4940 3 месяца назад
The problem with not coming back to the office don’t need to come to the office. Work from home was proven to be productive, saves on gas, car wear and tear, contributes to worker morale and work/life balance. It’s real estate and middle management that has to try to justify their position that were yelling for return to office. We’re short on housing in every income level from fixed income disabled, seniors, vets through to higher income earners. No need for all this high end luxury only, we need all income straight 30% of net income housing. Not HUD, not housing authorities.
@drakeblessum3466
@drakeblessum3466 2 месяца назад
Let me help you with headline: Real Estate investors bet billions of dollars in debt that workers would ALWAYS go into work… they bet wrong!!!
@dakadoodle6295
@dakadoodle6295 2 месяца назад
Or could be that its become obsolete? Crazy idea
@TheWizard856
@TheWizard856 3 месяца назад
Let people WFH and convert these offices into housing. Why do they resist dropping rents and peoples happiness? It seems sick to me.
@diamondbolton2944
@diamondbolton2944 2 месяца назад
With the speculative 4-day work week, additionally people will need somewhere to go leisurely/entertainment.
@user-fb6hy2eh5y
@user-fb6hy2eh5y 3 месяца назад
The environmental impact of driving in to work is why we didn't see smog during the pandemic. Sock on that.
@mulemule
@mulemule 2 месяца назад
*"The real problem with commercial real estate is **_real estate developers ignoring the cultural shift of_** people not coming IN to work." (ftfy)*
@solidorsharp3091
@solidorsharp3091 2 месяца назад
Let the wreaking ball fly stop undermining demolition efforts. Banks are also the problem. Construction industry as a whole needs modernization and reforms. Same for city planning and zoning laws and permits. Lots of entrenched interests. NIMBY also a problem hurting their own home prices $ by not supporting green infrastructure and green development.
@od2437
@od2437 3 месяца назад
4:37 someone farted? 😂
@tioopuh
@tioopuh 2 месяца назад
Why wasn't the last part it's own section, it was more important than all of that jabber about housing
@solidorsharp3091
@solidorsharp3091 2 месяца назад
Let the wreaking ball fly, stop undermining demolition efforts. Banks are also the problem. Construction industry as a whole needs modernization and reforms. Same for city planning and zoning laws and permits. Lots of entrenched interests. NIMBY also a problem hurting their own home prices $ by not supporting green infrastructure and green development.
@lushlife6864
@lushlife6864 3 месяца назад
Can't we print some money for these victim landlords?
@stevechance150
@stevechance150 3 месяца назад
You literally made me laugh out loud. My question for the fat cat landlords is this, "What are you going to do when AI makes it easy for companies to layoff 90% of their workers"?
@thehonesttruth8808
@thehonesttruth8808 2 месяца назад
People gotta live somewhere
@attinsona
@attinsona 2 месяца назад
LOL the congestion pricing question and he shut it down.
@dalepellerin
@dalepellerin 3 месяца назад
And we never will!
@DakotaFord592
@DakotaFord592 3 месяца назад
Make all of the empty skyscrapers available for free. So people can live in them. There you go, problem solved!!
@gerardsison7610
@gerardsison7610 2 месяца назад
But people are coming to work, they’re working in their home office.
@ravikurup8350
@ravikurup8350 3 месяца назад
I don't want to be micromanaged anymore. If my boss changes the wfh policy to onsite then I'm leaving
@cashcow4383
@cashcow4383 2 месяца назад
What will turn into a nighmare is the vast amount of strip malls that have nothing but fast food, subs, tacos, burgers all these strip malls are nice i cant see them enough money when the economy slows down. Not everyone is gonna buy a a $12 sub or 14 dollar borrito bowl.
@DG-hw8it
@DG-hw8it 3 месяца назад
It's a temporary disruption! 🌻
@kirkwoodbharris5110
@kirkwoodbharris5110 3 месяца назад
You can fall through the floor
@user-yg7fz5gq9x
@user-yg7fz5gq9x 2 месяца назад
I'd rather quit than work for real estate renting anything property is a professional scam.
@paulsaragosa371
@paulsaragosa371 23 дня назад
Thy escape from new York city thy magnificent movies 🎬 movies 🎥 kurt Russell
@paulsaragosa371
@paulsaragosa371 23 дня назад
Thy Chessmaster said thy ignorance of the global economic crisis world is the horrible 99percent of the entire world
@tevtv3450
@tevtv3450 2 месяца назад
Captain Freakin OBVIOUS
@MB4.23
@MB4.23 3 месяца назад
Worst show on CNBC. Unwatchable
@damham5689
@damham5689 3 месяца назад
Squawk Box is a show only Ayn Rand would like. 😂
@lifevest1
@lifevest1 3 месяца назад
I’ve seen how executives work. They spend half their day talking/cracking jokes. Their type of work =/= the work of low level workers who are glued to their screens all day. This guy is full of if when he says “not coming to work.”
@stevechance150
@stevechance150 3 месяца назад
Why go back to the office when they're going to replace us all with AI as quickly as they can? Call center workers should be running for the door. I wouldn't even know what to tell these people to get training for, maybe LPNs or RNs. Boomers aren't going to want a robot caring for them.
@Dusty-Zafu
@Dusty-Zafu 3 месяца назад
What test are they talking about? Re: lung cancer?
@user-sh3rz7rl4f
@user-sh3rz7rl4f 2 месяца назад
LOL
@All_Walks_
@All_Walks_ 2 месяца назад
I'm short vornado lol
@metacube9913
@metacube9913 Месяц назад
lmao
@Sujaljaina
@Sujaljaina 3 месяца назад
this guy looks a lot like chuck schumer
@brycesattler2301
@brycesattler2301 3 месяца назад
*Modular Subsided Rent Controlled Properties!*
@jrgb9945
@jrgb9945 3 месяца назад
We are absolutely in for an extended recession
@KK-pm7ud
@KK-pm7ud Месяц назад
The real problem with America is that we've allowed people to become lazy and this next generation is a disaster.
@ianpatrick23
@ianpatrick23 3 месяца назад
Oof
@chadvaughan-ry8yp
@chadvaughan-ry8yp 3 месяца назад
Don't forget the largest experiment in human population 3 years ago....
@thetradersam6157
@thetradersam6157 3 месяца назад
IBRX
@jf9670
@jf9670 3 месяца назад
Rent is also a great write-off for businesses. You can only deduct so much from home. Large corporations want to take advantage of this. More tax incentives will come to bring back office. It's down but not dead. Work from home does not work
@nickseccombe1357
@nickseccombe1357 2 месяца назад
PREVENTION is the key...lifestyle
@paulsaragosa371
@paulsaragosa371 23 дня назад
I'm not a very smart tiny little brain storming of thy own one brain s
@MesmerAloofly
@MesmerAloofly 3 месяца назад
greed greed greed greed greed greed greed greed greed
@MichaelLewis-mg4go
@MichaelLewis-mg4go 2 месяца назад
Looks like he hasn't slept in years or he's been crying what's going on
@InnerCircleScalpHunter
@InnerCircleScalpHunter 3 месяца назад
This is where the wave of layoffs will come from . High office leases with less workers in the office coupled with a lack of productivity by work from home employees. Come back to the office to work or get laid off unless companies decide to transition into work from home only model
@elpepelucho
@elpepelucho 3 месяца назад
this guy is totally wrong about interest rates, it's the exact opposite actually. They go up slowly and come down fast. Just pull up a chart of historic interest rates before you open your dumb mouf.
@Andrew-3445
@Andrew-3445 3 месяца назад
Right, when the crash comes they don't lower them 0.25% at a time. They drop them to zero.
@angelachanellehuang5663
@angelachanellehuang5663 2 месяца назад
Real estate is a joke
@dr_flunks
@dr_flunks Месяц назад
i retired early due to back to office. i'm never going back to office.
@carefulconsumer8682
@carefulconsumer8682 Месяц назад
Who wants to go to work when they can play around at home in their PJs, watch TV, and still get paid?
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