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by schott12521 1095 days ago
It’s because RTO is the last straw holding up commercial real estate. Either consultants or CEOs got together and realized that there’s no back, so they started to force it.

Completely agree how much collusion between companies there is though.

2 comments

A real estate crash also eliminates net-worth for rich executives more so than random employees.

They all have a vested interest in molding work-file culture to their benefit.

I would bet there's also some accounting or tax voodoo around it that's cutting into some of their profits and back-room deals.
There is definitely tax breaks for business who are "anchor tenants" in cities. Texas attracted tons of bodies to places like Austin via big tax breaks, for example. The idea being that the loss of Corporate Tax is made up by all of the people living, eating, shopping, travelling, etc. nearby.