this post was submitted on 29 Aug 2023
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Technology
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Hilariously, the data don't back them up, my wife does research on this very topic for a company. The dollar signs do though, they have to justify the property expenditures.
No. That's sunk cost fallacy.
If they've already bought and paid for the buildings, they are not losing more money by not using them.
In fact, they probably save money on things like maintenance, overhead, security on physical sites when they're not being used. They could also be renting those spaces out, or straight up selling.
It's hurting the commuting industry.
Smart company would be selling the property before the prices crash
Sell it to who?
Relevant owls 🦉🦉