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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

[b]Biden is moving t push fir RTO[/b] because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now.  DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies.  Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy.  All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.[/quote]
Biden didn’t order Feds to RTO.  A member of his staff wrote a lukewarm memo.  If the President was serious about RTO, he could simply demand tomorrow all feds report.  By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy.  I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months.  No agency head is going to give two cents to what Zients says.  [/quote]

This.  Our agency is plowing ahead with giving up space and moving to a hotelling model for the two days a pay period we’re required to be in office.  [/quote]
Yea the WaPo and the rest of the media in the DMV seriously jumped the gun in celebrating an en email (from a staffer nonetheless!).[/quote]

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