this post was submitted on 15 Nov 2023
895 points (98.9% liked)
Technology
59675 readers
3177 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Work from home is the future for businesses that 100% operate out of an office, and are basically only an office.
Why pay for a centralized building? Pay for upkeep? Pay taxes for the building?
Especially when the WFH model makes more money? Well, to the wealthy few they realize the soul-crushing work in-person model maintains their class status. This could upset their class structure, and they're terrified of it.
But in a beautiful twist of fate for once, the legal decision to make growth the #1 goal of publicly traded companies is working against the class that instated them.
I'm popping a bottle of discounter champange when the 'office-building-crisis' starts
Hopefully they will become the desperately needed affordable housing.
Stop dreaming.
They won't.
It's prohibitively expensive to convert office buildings into residential. So prohibitively expensive, in fact, that it's often more cost effective to demolish the entire building and rebuild residential in its place.
(At which point, of course, the owner will have sunk so much into their investment that the cost of the brand new housing will be as high as they can possibly make it and still fill the place.)
It's definitely in the starting/fear of happening phase. In the US, I often see articles talking about the potential financial meltdown that empty office buildings are going to create.
There's probably always going to be a central administrative place for handling mail, holding sensitive documents, etc. But it can all be a lot smaller than it is now.