this post was submitted on 23 Jan 2024
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433
The Absurdity of the Return-to-Office Movement (www.cnn.com)
submitted 11 months ago by [email protected] to c/[email protected]
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The Absurdity of the Return-to-Office Movement::The return-to-office demands make little sense from an overall economic perspective, while working parents, in particular, benefit from not having to waste time commuting to an office, writes Peter Bergen.

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[–] [email protected] 3 points 11 months ago

No pension fund owns only commercial real estate. If anything, it's like 5% of their entire portfolio. Still, it's not necessarily a problem.

So in your simplified scenario, you have a pension paying retirees that owns 100% of a building. Say few businesses want to lease space in the building, and the value goes down.

They don't have to sell the building. They can just refurbish it and put the retirees in it. That's actually more tax efficient than paying the retirees who then pay their retirement home.