this post was submitted on 15 Aug 2023
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My theory is they're attempting to keep real estate values high.
This is the truth. Or someone is and those someone's are putting pressure on bosses who are amenable to it anyway because they like control/lack empathy for employees/etc
Bosses are convinced by articles in mass media that this needs to happen. For real estate.
There are a bunch of new buildings in my city that have apartments with retail space on the ground level. All the retail spaces are empty, never used. I live in one. Someone is taking a bath on all the losses on these investments.