591
Good
I call bullshit on remote work being the sole reason.
Remote work is a choice. Some want to work remotely, and some prefer a flexible hybrid model, where they can come into an office.
Obviously, there's a lot of office space around, but I would bet my left nut that there are plenty of companies that would love some prime LA real estate, especially companies outside of the US that would love a presence in the country.
So, the problem isn't remote work, it's prohibitive rent, whether logistics or prices. I know that American's aren't fond of immigration, but this would probably solve the rental problems, and restrict some of the brain drain that comes from people not needing to be in LA to work.
Rent is the primary factor for sure, but I think you're downplaying the impact remote work has, and/or not realizing the demand from employees for remote work. Many are taking pay cuts if they can remote work, and that does affect the labor market.
There is am major problem with real estate right now which may play 9ut at the banks.
I don't feel sympathy to these landlords that do business in this way
this post was submitted on 23 Dec 2023
591 points (99.3% liked)
News
23296 readers
1619 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS