https://fortune.com/2023/08/03/michael-bloomberg-billionaire-return-to-office-federal-agencies/

Empty offices are a problem that could result in another run on the banks, some economists have warned, with swaths of new office buildings financed on short-term loans with no leases taken out to pay for it. Morgan Stanley estimates that $1.5 trillion in commercial real estate loans are due to be repaid by 2025.

With 176 offices across the world—some of which cost more than $1 billion to build—it’s perhaps not a surprise that Bloomberg is keen to get his own staff back through the doors, a sentiment echoed by JPMorgan CEO Jamie Dimon.

  • Lerios [hy/hym]@hexbear.net
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    1 year ago

    looking for jobs rn and you would not believe how much more these places have to be paying to get me genuinely considering full time in person work. 100% fuck that, i want to keep my headphones in and not have to get up at bullshit times in the morning, suck my dick about it bourgeoisie