Hacker News Reader

I've been in all remote companies since '12, and will never go back unless forced. For what we do, it's pointless to travel to an office. Same goes for a huge majority of corporate work. It's gonna simultaneously trigger and require the economic destruction of a huge amount of office real estate investments to enable the change to remote work to become the majority.

View on HN

> It's gonna simultaneously trigger and require the economic destruction of a huge amount of office real estate investments to enable the change to remote work to become the majority.

Baring in mind this could be worse than 2008. It's not going to be pretty and workers will ultimately feel the brunt.

Yet, if that cooperate real estate were converted into mixed use residential, the corporations might save themselves at the expense of every single family homeowner and investor. This is a likelihood because the single family real estate market would normalize to 1970 home prices with the amount of corporate real estate that could be converted. Don't underestimate corporations willingness to save themselves at the expense of everything else, including our planet.

Reply on news.ycombinator.com