Working From Home to majorly impact property market in the future?

wfh

#62

I wonder if they gave an option in the survey for wanting to work remotely so as to avoid the office politics and gossip.


#63

“…How I learned to Love the Lockdown…”

Do yiz not spot the timing of these narrative/perception management poll/survey pieces and this one from April no less hitting the collective unconscious… 6 months later today of all days???

Has no one learned anything, here is a quick recap: tension, release, tension, release, tension, release

It’s a signal jammer, damage limitation or perhaps better yet, some more medicating-media to cushion the already soft roll up clearly designed to counter the previous pitch for a hard rock n’ roll lockdown of two weeks ago… take the edge of the collective “…is it 4 or is it terror level 5 we’re at this morning?”

If NPHET and Gov were at sea, they’d have sunk to the bottom of the ocean long ago, the amount of leaks is astounding, especially coming out of NPHET, absolute pirates, and pure political theatre disguised as soap opera … WTAF!?

However, gettin’ back on topic, the total uncritical acceptance of all this WFH re-engineering of society is Incredible and people just assuming, ok yea this is the “new normal”, and making major life changes and decisions. This Virus has more power to affect myriad legislation and rights than the people themselves. Clever virus. Nice dangerous virus. Good boy sit sit…

Democracy was nice while it lasted, ah sure I enjoyed the odd vote but sure they’re all the same anyway so what difference does it make, sure doesn’t freedom spread the virus even more!

Is everyone that asleep?


#64

Some news on the potential impact of WFH on the commercial property market in the UK:

“Deloitte is planning to close four of its 50 UK offices in the coming months as the coronavirus pandemic has forced the accounting group to cut costs and remote working has reduced its need for expensive property leases.”

From same article:

“In August, Capita, a major government outsourcer, revealed it was planning to close more than a third of its 250 offices to allow thousands of its staff to work from home for good.”

Link to FT article here: https://www.ft.com/content/1e82aa9e-a982-4e7d-889b-e4bb4d24bb1c


#65

New is Old


#66

They call “Resetting the Future” a White Paper, meaning it’s not quite a final version. It is a draft of sorts, a trial balloon, to measure people’s reactions. It reads indeed like an executioner’s tale. Many people may not read it – have no awareness of its existence. If they did, they would go up in arms and fight this latest totalitarian blueprint, offered to the world by the WEF.

It promises a horrifying future to some 80%-plus of the (surviving) population. George Orwell’s “1984” reads like a benign fantasy, as compared to what the WEF has in mind for humanity.

The time frame is ten years – by 2030 – the UN agenda 2021 – 2030 should be implemented.

Planned business measures in response to COVID-19:

An acceleration of digitized work processes, leading to 84% of all work processes as digital, or virtual / video conferences.

Some 83% of people are planned to work remotely – i.e. no more interaction between colleagues – absolute social distancing, separation of humanity from the human contact.

About 50% of all tasks are planned to be automated – in other words, human input will be drastically diminished, even while remote working.

Accelerate the digitization of upskilling / reskilling (e.g. education technology providers) – 42% of skill upgrading or training for new skills will be digitized, in other words, no human contact – all on computer, Artificial Intelligence (AI), algorithms.

Accelerate the implementation of upskilling / reskilling programs – 35% of skills are planned to be “re-tooled” – i.e. existing skills are planned to be abandoned – declared defunct.

Accelerate ongoing organizational transformations (e.g. restructuring) – 34% of current organizational set-ups are planned to be “restructured’ – or, in other words, existing organizational structures will be declared obsolete – to make space for new sets of organizational frameworks, digital structures that provide utmost control over all activities.

Temporarily reassign workers to different tasks – this is expected to touch 30% of the work force. That also means completely different pay-scales – most probably unlivable wages, which would make the also planned “universal basic salary” or “basic income” – a wage that allows you barely to survive, an obvious need. – But it would make you totally dependent on the system – a digital system, where you have no control whatsoever.

Temporarily reduce workforce – this is projected as affecting 28% of the population. It is an additional unemployment figure, in disguise, as the “temporarily” will never come back to full-time.

Permanently reduce workforce – 13% permanently reduced workforce.

Temporarily increase workforce – 5% – there is no reference to what type of workforce – probably unskilled labor that sooner or later will also be replaced by automation, by AI and robotization of the workplace.

No specific measures implemented – 4% – does that mean, a mere 4% will remain untouched? From the algorithm and AI-directed new work places? – as small and insignificant as the figure is, it sounds like “wishful thinking”, never to be accomplished.

Permanently increase workforce – a mere 1% is projected as “permanently increased workforce”. This is of course not even cosmetics. It is a joke.

This is the what is being put forth, namely the concrete process of implementing The Great Reset.

The Great Reset also foresees, a credit scheme, whereby all personal debt would be “forgiven” – against handing over all personal assets to an administrative body or agency – could possibly be the IMF.

So, you would own nothing – and be happy. Because all your necessities will be provided for.

Also, it should not occur to you to disagree with the system, because – by now each one of you has been covid-vaccinated and nano-chipped – so that with 5G and soon to come 6G, your mind can be read and influenced.

Please do not call this a conspiracy theory. It is a White Paper, an “authoritative report” by the WEF.

DARPA – Defense Advanced Research Projects Agency, is part of the Pentagon –and has years ago developed the technology. It is just a matter of time to implement it. And Implemented it will be, if We, The People, do not protest — Massive Civil Disobedience is of the order – and that rather sooner than later.

The more we wait with action, the more we sleepwalk into this absolute human disaster.


Social and human relations are being eviscerated.

This has several advantages for this novel “totalitarian” WEF approach to humanity – to controlling humanity.

We, The People, cannot rebel, we have no longer cohesion among ourselves,

“We, The People”, will be played against each other – and there is an absolute digital control over humanity – executed by a small super elite.

We have no access to this digital control – it is way beyond our reach. The idea is, that we will gradually grow into it – those of us who may survive. Within a generation or so, it is expected to become the New Normal.

The “survival angle” is an aspect not mentioned directly either in The Great Reset, or in the “Implementation Guide” – i.e. in the White Paper “Resetting the Future of Work Agenda – in a Post-Covid World”.

Bill Gates, the Rockefellers, Kissinger et al, have never made a secret out of their strong opinion that the world is over-populated and that the number of people has to be literally reduced. We are dealing with eugenicists.

Read more: https://www.zerohedge.com/geopolitical/horrifying-future-wefs-vision-post-covid-world


#67

Major investor in Dublin real estate looks to exit the capital
Jon Ihle 8 hrs ago

The financial backer of Dublin’s two biggest commercial property projects is accelerating its exit from the capital after coming under financial pressure.

Colony Capital has agreed to sell its stake in the Facebook and Salesforce European headquarters developments to an undisclosed international buyer.

The company had bankrolled the two projects, which are being developed by Ronan Group Real Estate (RGRE), as part of its aggressive move into Irish commercial real estate after the financial crisis.

It is understood the new investor, which has no other interests in the Irish market, will take a majority stake in each property.

Neither RGRE nor Colony was available to comment.

Colony’s earlier-than-expected exit from the prestigious developments, neither of which is occupied yet, marks a major retreat from the Dublin commercial property scene, where it has been active for several years.

The US-based real estate investment group had funded new developments and refurbishments in Ballsbridge and the Docklands in recent years, both with RGRE and UK property company U+I.

But last year, the US parent company began selling assets after one of its investment arms defaulted on a €3.2bn loan secured on a portfolio of hotels and nursing homes hit by the pandemic.

It appointed Eastdil Secured last July to seek buyers for its Irish assets, including the Facebook and Salesforce complexes.

https://www.msn.com/en-ie/money/other/major-investor-in-dublin-real-estate-looks-to-exit-the-capital/ar-BB1d5EqF?ocid=msedgntp


#68

I wonder whether they’re simply strapped for cash as a result of their US operations or whether its an AIB cerca 2006 moment

Regardless commercial property is likely going south anyway.


#69

Does this mean we have to bail out Johnny Ronan … AGAIN???


#70

Compensation for office worker who resigned after employer would not let her work from home

An employer has been ordered to pay compensation to an office-based worker who resigned from her job during the first Covid-19 lockdown after her plea to work remotely from home was rejected.

Employment law expert Richard Grogan described the Workplace Relations Commission (WRC) ruling as “a wake-up call’ for employers.

WRC adjudication officer Kevin Baneham has ordered the employer to pay the woman, who worked as an operations co-ordinator, €3,712 compensation for her unfair dismissal on May 12 last year.

Mr Grogan – who wasn’t involved in the case – stated: “The amount of compensation isn’t high as the worker got a new job within a short space of time, but the findings are important as it is the first ruling that the WRC has made concerning a Covid-19 related unfair or constructive dismissal.”

The Dublin-based solicitor stated: “I believe that we are going to see an awful lot more of such Covid-19 cases going through the WRC.”

In an email to her employer – a university-based facilities management service provider – last April, the worker stated that her employer’s refusal to accept the remote-working proposal “has increased the infection risk with Covid-19 for all three operations co-ordinators”.

She stated: “In the event one of us gets sick, I will be putting at risk my husband who is an asthmatic patient."

Compensation for office worker who resigned after employer would not let her work from home (msn.com)


#71

This is what happens when all reason leaves. We are eating ourselves. It is bizarre.


#72

There’s nothing horrifying about this. :rofl: It’s a simple recognition that most people are basically pointless and have been for ages.:grinning:


#73

And therein lies the rub.

Modernity has been fairly succesful in recategorising human worth in base economic/material terms.

It wasnt always thus and hopefully will (not) be again.

Gods make their own importance…


#74

I wouldn’t read too much into a WRC decision-it’s basically a trade unionist forum where employers are forced to hand over one last payoff to shitty entitled employees.


#75

#76

Well Johnny had a Salesforce tower up on the quays 12 months ago, and it’s not looking very wanted for the time being. Maybe like the Anglo building it’ll rise from the ashes in an ironic and timely fashion

Salesforce, San Francisco’s Largest Employer, Switches to Hybrid “Work from Anywhere,” Won’t Need All that Space in Salesforce Tower. Uber, Old Navy, Yelp, Oracle, Dropbox… Dump Office Space

This is just so relentless: “We’re not going back to the way things were.”

This is just so relentless. Salesforce, the largest employer in San Francisco, and an anchor tenant in the 1.4 million square-foot Salesforce Tower, the tallest building west of the Mississippi – owned by Boston Properties, the largest office landlord in San Francisco – announced today in a blogpost, that it would switch to a hybrid “work-from-anywhere” model going forward.

“We’re not going back to the way things were,” president and chief people officer Brent Hyder told the Wall Street Journal. “I don’t believe that we’ll keep every space in every city that we’re in, including San Francisco.”

In the blogpost, he wrote: “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is about more than ping-pong tables and snacks.”

After the Pandemic, employees would fall into three categories. About 65% of the workforce would be “flex”; they’ll be “in the office 1-3 days per week for team collaboration, customer meetings, and presentations.” The rest of the time, they’d work from home. Another group would be “fully remote,” working from anywhere. And the “smallest population of our workforce” would be “office based,” and work 4-5 days per week in an office location “if they’re in roles that require it.”

A lot less office space would be needed to accommodate these people. The layout of the offices that remain will be changed dramatically into “community hubs to accommodate a more hybrid workstyle. Gone are the days of a sea of desks,” Hyder wrote. He already moved out of San Francisco to Southern California last year.

So this was the latest announcement to knock the wind out of the San Francisco office market, and more broadly, out of San Francisco’s economy.

link


#77

There are (were?) serious plans for SF to move down into some new buildings on the Quays. Maybe they won’t need as much square footage down there…


The Nightmare That Builds Utopia?
#78

I’ll agree with you on that point in one kind of sense, and since I made the point elsewhere this eve, there are many things I pointed out over 10 years ago, and another one was in this area of inevitability, that is coming into the fore of everyone lives in the modern western sense.

If anyone can remember my typo-driven ravings from that far back, you will note, that the conflux was to occur around the need to transition people from a work based mode to a play based mode of existence, this would be a result of the societal pressures naturally created by the wealth of state-of-the-art-productivity and the increasing of spare time, the fruits of doing-more-with-less no less, a world where 20/30% of humanity could provide for the whole playfully (now we are seeing Ai whittle that ratio down even more in old paradigm terms), all this was themed and expound on by Buckminster Fuller in the mid to later 20th Century, however that future world envisioning did not include the BANKSTERS one bit.

What we’re seeing here is the co-opting of this inevitable reality crunch or fork in the world, but as always, the MENACE ain’t dumb, and waits for the clever kids to invent that future and the means they can purchase for a princely sum (for literal-nothing when you control the levers of fiat), so that it can retain the control in the manner it has grown accustomed too.

The clue to which direction things are being pushed and what the intention behind it is, comes with the liberal use of FEAR and TERROR to socially re-engineer society in one direction, after programming and conditioning for years on and around such concepts (sans key influences and contexts), which like anything is always to play for, so a lot of time and money has gone into co-opting the creative energies of the owls population to see born, but it’s as fragile as can be because it’s not a genuine paradigm shift, it’s a contrived one - that is not to say the play world is not also happening (it really is), but this event is not of that origin, it is very much in reaction to it.

Though it’s not that surprising, when the current control paradigm is pretty shit in the first place and has outlived it’s use that most people have happily settled for a break, and jumped on the WFH bandwagon early on in 2020, the moment of surprise had this to it’s favour (I’m sure the novelty has worn off for many in that initial enthusiastic group), but it’s really in preparation to shift to next level of shit paradigm, (see usage of FEAR + TERROR.) and you may not be invited to the final part.

Using a nightmare to sell the world an all or nothing Utopia, is a dead give away.


#79

What are the odds this tune came up next while editing the above post! Well it did… Ai eating the Cosmic Jokers lunch or wha? :joy::rofl:

:icon_eek:


#80

#81

A couple of recent developments on the WFH front.


But I expect they’ll just become office worker’s barracks, places to crash during the week and go home at the weekends, for the staff unfortunate to work for certain banks that refuse to accept WFH.

On the other hand, commuting is bad for productivity.