https://fortune.com/2023/08/03/michael-bloomberg-billionaire-return-to-office-federal-agencies/
Empty offices are a problem that could result in another run on the banks, some economists have warned, with swaths of new office buildings financed on short-term loans with no leases taken out to pay for it. Morgan Stanley estimates that $1.5 trillion in commercial real estate loans are due to be repaid by 2025.
With 176 offices across the world—some of which cost more than $1 billion to build—it’s perhaps not a surprise that Bloomberg is keen to get his own staff back through the doors, a sentiment echoed by JPMorgan CEO Jamie Dimon.
We should turn vacant office spaces into affordable and communal housing
The lib view of Dark Brandon: He made a very mild joke about the Republicans! Loved it! And at home we have always have our coffee in mugs with laser eyes Dark Bannon!
Actual (and purely theoretical Dark Brandon: “We will turn vacant office spaces into affordable and communal housing.” The libs - confused and angry - put their laser eyes Bannon coffee mugs in the trash.
