Freddie deBoer is a great heterodox thinker, and you should totally subscribe to his (mostly-free) Substack. Today, though, he’s got a take that I think demonstrates the limits of his ideological commitments as an avowed leftist and socialist. While he’s correctly noting that remote work is shifting some costs onto workers — higher rents and installation costs for home offices, higher energy costs, etc. — as well as the seemingly dysfunctional outcome that some workers are accepting pay
oh i got the housing crisis figured out, just now i did it. old office buildings are now empty because of the rise in remote work, remade into apartments, greater supply depresses rents pretty quickly. With rents cheaper than monthly mortgage prices, eventually mortgages find a new equilibrium. done! ill take my nobel prize I'll economics now, thank you.
oh i got the housing crisis figured out, just now i did it. old office buildings are now empty because of the rise in remote work, remade into apartments, greater supply depresses rents pretty quickly. With rents cheaper than monthly mortgage prices, eventually mortgages find a new equilibrium. done! ill take my nobel prize I'll economics now, thank you.