Breaking the Banks: the true cost of work from office
The return to in-office work has heightened demand for housing near employment centers, causing rents to surge. Office-centric areas see intensified development, increasing rental costs due to the premium on proximity. This demand pressures the rental market, reducing affordable housing options and forcing workers to pay higher rents or endure long commutes. Urban migration, driven by the need to live near offices, inflates rents in cities while straining the available rental supply, intensifying competition and further escalating rental prices. Do you think remote work could be one of the solution to control the prices.
Aaron Dean
Stealth
4 months ago
The whole point of return to office is to inflate real estate values. Nobody wants real estate prices down. Banks, politicians, bureaucrats, every body has a lot of stake.
Not to mention, real estate is the anchor of the economy. Want to know what happens when the bubble burst?. Look at China.
But isn't that putting too much pressure on the middle and lower class group which is the largest population here
