Yep all those countless hours of travel, gallons of gas, car repairs, transit fares, etc we’ve been covering out of pocket our whole working lives has been a free subsidy to commercial real estate companies.
I have very real examples of this being the case where I am. There’s a lot of real estate that if it falls in value it materially impacts the exec leadership. No wonder they are so keen to save Pret.
People who have investments in:
• corporate real estate and companies like Blackrock, Concord Pacific and Amazon who easily own tens of billions of dollars of corporate real estate.
• downtown coffee shops that exist to ripoff serve otherwise stranded office workers.
• car and oil companies because all that rush hour traffic makes them money.
• road construction companies since rush hour traffic jams means easy bribing governments into paying billions for complex and frequently experimental road enhancements.
Better for whom?
Micromanagers and building owners
Yep all those countless hours of travel, gallons of gas, car repairs, transit fares, etc we’ve been covering out of pocket our whole working lives has been a free subsidy to commercial real estate companies.
And the biggest winner, the people want to do soft layoffs
Board rooms full of people heavily invested in commercial real estate.
I have very real examples of this being the case where I am. There’s a lot of real estate that if it falls in value it materially impacts the exec leadership. No wonder they are so keen to save Pret.
People who have investments in:
• corporate real estate and companies like Blackrock, Concord Pacific and Amazon who easily own tens of billions of dollars of corporate real estate.
• downtown coffee shops that exist to
ripoffserve otherwise stranded office workers.• car and oil companies because all that rush hour traffic makes them money.
• road construction companies since rush hour traffic jams means easy bribing governments into paying billions for complex and frequently experimental road enhancements.