The worst is those people who bought houses out of town at the top of the real estate market because they believed the propaganda about WFH being permanent. However I never trusted C-level execs or directors not to renege on this, so I didn’t do that.
Yeah and this whole agenda of RTO rolled out worldwide directly after Davos 2023 when a bunch of CEOs were tweeting about it from there. But noticing this makes you a conspiracy theorist.
In the old days people used to have their own servers…
And you can still buy them…
And the cloud really isn’t cheaper…
But whatever, it’s ubiquitous today. Maybe someday people will wake the F up.
God I hate Amazon now. They’re basically Wal-Mart these days with half the results being sponsored (advertisements) - and you see that even if you pay for Prime. There are some things you can only get there, but otherwise, since all e-commerce is converging, I don’t see the point of enabling their bad behavior. But whichever global corporate enterprise you take your business to, they will likely have a similar mindset.
A lot of people will probably doubt this when living in the middle of the bubble. But it has happened elsewhere already. China’s RE bubble has melted down spectacularly and their economy is still deflating despite massive government stimulus. I imagine this will be the fate of the American Everything Bubble too, albeit we can’t know when it will happen. The last deflationary episode around 2014 coincided with the meltdown in the American shale oil industry, which as we well know is going to happen again with the decline of the Permian - maybe this will start the bubble bursting.