A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday.
- stopthatgirl7 ( @stopthatgirl7@kbin.social ) 18•1 year ago
And nothing of actual value will be lost.
- NuPNuA ( @NuPNuA@lemm.ee ) 2•1 year ago
Do you have a pension, as a lot of pension funds are tied up in this kind of stuff. Not that I personally would ever go back to full time office work, but things have knock on effects.
- The Cuuuuube ( @Cube6392@beehaw.org ) 7•1 year ago
Who the hell still has pensions? I’d fucking love a pension fund. Everyone’s tied to much worse stock portfolio individual retirement plans
- NuPNuA ( @NuPNuA@lemm.ee ) 3•1 year ago
Most people in the UK at least, it became mandatory for employers to offer a scheme a few years back.
- nick ( @nick@forum.fail ) 6•1 year ago
If their asset managers are clued in they will divest before it becomes a problem.
- 1chemistdown ( @1chemistdown@kbin.social ) 16•1 year ago
Oh NO!! Anyway, I hope we can save several landmark venues where amazing bands play instead of tearing them down for a new mega structure.
- Gutotito ( @Gutotito@kbin.social ) 14•1 year ago
But they totes need us to show back up because communication or performance or something.
- SuiXi3D ( @SuiXi3D@kbin.social ) 11•1 year ago
Good. Convert 'em into cheap housing instead.
- Catch42 ( @Catch42@kbin.social ) 10•1 year ago
Good. Property values are a necessary evil in our economic system to allocate finite amounts of land. Unlike say the value of a company that makes things, which reflects the utility gained from it’s products, property values mostly represent scarcity, falling property values therefore indicates that we have partially mitigated that scarcity.
- Chozo ( @Chozo@kbin.social ) 10•1 year ago
I’m used to there being a “but…” at the end of headlines like these. Where’s the bad news?
- McBinary ( @McBinary@kbin.social ) 1•1 year ago
Turn all that space into something useful instead of concrete.