Real estate is alluded to throughout this thread. I don't really get it. Is the theory that companies do RTO so they can rent out real estate to themselves via a holding? Just looking at profits I don't understand how that would be beneficial. Every dollar that the holding gains comes out of the coffers of the parent company.
It's a shell game to increase property value to pump the nominal asset holdings of the company. "See, this office is in demand and worth $50 mil" (WFH price: $5 mil)
