White-collar workers temporarily enjoyed unprecedented power during the pandemic to decide where and how they worked.

  • anonionfinelyminced@kbin.social
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    1 year ago

    Agreed. #1 advice from anyone is “invest in real estate because it’s the only thing they’re not making any more of.” So even if a huge corporation owns nothing and just rents every inch of office space, most likely their investment strategy includes commercial real estate.

    Anecdotally, I happen to know of some people who threw a ton of money into local commercial buildings pre-pandemic, because that was the way the investor-class herd was going. These are people that I consider very wealthy, but are small potatoes compared to most of these big corporate CEO types. Now that they own all these buildings, they’re squawking because they can’t rent them.