this post was submitted on 13 Jan 2024
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Commercial mortgage backed securities.
https://www.morningstar.com/news/marketwatch/20231230133/no-one-is-throwing-good-money-after-bad-why-2024-looks-like-trouble-for-commercial-real-estate
RTO policy is driven by rich people's solidarity with one another.
We can beat them with even a fraction of the same solidarity. Fuck RTO, and fuck any job that demands it.
One additional detail, many corporations lease buildings. The buildings are often owned by executives from this same company.
Microsoft’s buildings (pre-pandemic there 130+ just in the Redmond/Seattle area) are all over, and many of them were owned by Paul Allen (co-founder of Msft), and now his family.
It always goes back to landlords sooner or later.