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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it is Biden’s commercial real estate donor class. [/quote]

It's more than that. DC is going to face a massive property tax shortfall if office buildings get revalued downward by 50%. CRE pays property tax rates that are 2x of DC homeowners.

It will start a services cut-tax hike spiral on the remaining residents if CRE takes a big haircut. It will be Democratic-voting big cities that will face the brunt of these revenue shortfalls. Crime will go up, schools will get worse, poverty alleviation programs get eliminated, etc.

My kid is in DPR summer camp right now at our local park. It's an amazing program and costs me $150 for two weeks for 8am-6pm daily care + all food covered. It's safe, fun, and has a good curriculum of play + art + learning. It's dirt cheap and he has fun. If CRE gets revalued down by 50%, that summer camp option gets eliminated. Or it goes up in price so much that poor and MC DC families can't afford it.
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So I need to go in so you can send your kid to summer camp?[/quote]

The point flew right over your head.

It was just one example of one of the poverty alleviation programs that DC generously funds. I can afford to send my kid to sleepaway camp for $10K per summer, but cheap DPR programs are lifeline for working class families in DC. If these programs go away, those kids are out on the street all summer. Or one of their parents need to quit their job, thus the whole family falls behind financially.

If CRE is haircut by 50%, it's going to cause massive financial issues for nearly every urban core in America. That's why Biden is requiring RTO for Feds - it's leading by example.

So yeah, you're going to back to the office. I'm a Fed and in the office 4 days/week. It's happening in spite of union contracts. Every agency is going to exercise the option to formally re-open the CBA. [/quote]

please put some actual numbers and evidence behind a) the amount of lost property tax and b) impact on DC budget. 
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The federal government is not making this decision by committe where they need the buy-in of the employees who have a personal interest in not returning to the office--so no, no has to show the numbers to you.[/quote]

yes you do have to show us the numbers if you’re claiming that we’re killing DC if we don’t return. [/quote]

No they don't need to show you anything. The fed govt doesn't actually have to have a reason anyway to bring us back, it can do so just because it wants to. If I were in charge I wouldn't even bother giving a reason because every reason is refuted with excuses it is a never ending cycle.[/quote]

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