For whatever the reason, this is not a good sign for the broader economy. The 2007/2008 recovery was stifled because so many owned and could not or would not relocate to areas where there were jobs and economic growth.
Ownership is a commitment. One that isn't undone without thought, time and effort. It looks great on paper when times are good / great. But ownership adds friction when more fluidity is needed.
Put another way, companies that have figured out or are figuring out WFH / remote are going to fare better than those insisting on a return to office.
Ownership is a commitment. One that isn't undone without thought, time and effort. It looks great on paper when times are good / great. But ownership adds friction when more fluidity is needed.
Put another way, companies that have figured out or are figuring out WFH / remote are going to fare better than those insisting on a return to office.