Why do people say that "return to office" is about raising commercial real estate prices?

HandwovenConsensus@lemm.ee to No Stupid Questions@lemmy.world – 274 points –

A lot of times, when people discuss the phenomenon of employers ending work-from-home and try to make their employees come back to the office, people say that the motivation is to raise real estate prices.

I don't follow the logic at all. How would doing this benefit an employer in any way?

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That's really not how it works. In the same industry sure. But not across vastly different industries like tech, legal, government, etc and real estate.

I would suggest you to check out warren buffets portfolio

Warren Buffet is not typical of CEOs. He's an icon for a reason.

Warren Buffett is not directing resources from his position in one company to enrich himself in another company that he may have large personal holdings. That is one of the few ways shareholders can get around the safety of a corporation and sue a director.

More to the point, the board of directors are going to be extremely interested in the actions of Buffett if they think he is trying to enrich himself at the cost to their company.

Using him as an example that is.