Or even simpler: execs own super expensive real estate in the tech hubs and the only thing that supports the prices is the hoards of employees that have to live in the area.
This is the true answer. A lot of people have moved into far away (cheaper) bedroom communities to save money.
Also Google themselves would have a huge issue justifying their own real estate if people aren't in it "post covid". They are a publicly traded company so they would be forced to sell it off to appease investors.
All in all I think Google has shown it's true colors here. They don't have a damn about their employees. This reeks of boomer micromanaging 101.
I think that to fight this stockholders should push Alphabet to sell of their properties now. Should do the same with Amazon as well.
