This isn’t a blip.
To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Wolf Richter on Howestreet.com.
The fact that smartphones are perfect surveillance devices has been kicked around for a long time. And the data are immensely useful in B2B.
But working from anywhere has cost cutters drooling: “All expense categories benefited from lower facilities related costs, driven by our employees working from home.”
This is just so relentless: “We’re not going back to the way things were.”
Actual rent collection data from over 11 million apartments and 80,000 single-family rental houses, compared to a year ago.
Becoming a prolific jingle-mailer to dump malls. Holders of CMBS eat the losses.
High costs, working from anywhere, and sudden dislike for towers trigger large-scale shifts in the housing market. Tulsa is paying people with full-time work-from-anywhere jobs to move there.
Several unique factors, topped off by the enduring trend to working from home and an exodus of companies.