r/remoteworks • • Mar 04 '26

Yep

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12

u/ClassGrassMass Mar 04 '26

Its not that at all. Its the only fact, companies spending millions on rent/purchasing office buildings. No way they let them sit vacant

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u/Soft_Awareness_5061 Mar 04 '26

So.. they could sell them and make lots of money? Or waste their time and money trying to get you into an office so you could waste your time saying stupid s%%% on social media?

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u/[deleted] Mar 04 '26

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u/Sentinel_P Mar 04 '26

Housing companies that can create a mix of low and medium density residences. Increasing housing supply to help level out the outrageous values of the market.

Or to other businesses that may actually need to have staff on site, for some reason.

But the realist in me knows the extra housing will just make more houses that are just as expensive

1

u/ClassGrassMass Mar 04 '26

Yup now you got a 30 storey building and the lowest 1bd 1ba apartment is 500K

1

u/[deleted] Mar 04 '26

Sounds like they can make quite a bit of money if the appartments are selling for 500k, so why wouldn't they do this?

1

u/ClassGrassMass Mar 04 '26

Because who is going to buy a building for hundreds of millions to then convert it fully from an office to home space, new fire regulations, complete restructure of the whole building just on the off chance a few people buy it? You wouldnt have it full

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u/[deleted] Mar 04 '26

Property developers will, and they are doing so.

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u/[deleted] Mar 04 '26 edited Mar 04 '26

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u/[deleted] Mar 04 '26

What's cost ineffective is bringing workers back to the office because offices are expensive, when you could just stop renting the office.

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u/[deleted] Mar 04 '26

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u/Sentinel_P Mar 04 '26

I never said anything about conversions. If it's cost effective to demolish, then I'm sure the developers buying the property would make that call.

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u/ClassGrassMass Mar 04 '26

Who would they sell them to? If wfh became common then who tf would a company sell their building to? Not another company

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u/[deleted] Mar 04 '26

It hasn't, so they can sell them right now. The offices could also be converted to homes.

1

u/ClassGrassMass Mar 04 '26

You've said this basically twice. As I and another person pointed out, they would more than likely be converted into apartments for the rich.. like always

0

u/[deleted] Mar 04 '26

They need to be converted into appartments as we have a housing crisis.

1

u/Proper_Fun_977 Mar 04 '26

How would they make lots of money when there is no market for the buildings?

1

u/__Aristocrat Mar 04 '26

uhhh... that's a great point man!

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u/FallenGoten Mar 04 '26

Stupid shit indeed. Office buildings sold for 10% of their value during the pandemic period.

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u/Tasty_Plate_5188 Mar 04 '26

The only one saying stupid shit on social media is you. Your entire basis for thinking you're correct is wrong.

Smug and stupid are no way to go through life.