Burning MoneyPosted: Tue 2 March, 2021
Over the last year, a number of businesses have (unsurprisingly) moved out of the building where I have my office. The move to primarily working from home and so on has made them more aware of the costs of the offices, and in general I can see that it makes sense for them to downsize and so on.
What’s been more of a surprise is that other ones have moved in. Again, I get it for situations like mine, where it’s better to have the office, and where working from home isn’t practicable.
There are some of those new businesses though, that despite paying the office rental/lease for a year, haven’t actually been using the offices at all, and I really don’t understand that at all.
I suppose it’s a good write-off for tax purposes or whatever, but to me it’s still odd to be basically burning that cash for no benefit at all.
Obviously it’s not my problem, and nothing to do with me. It’s other people’s business decisions and so on. I just find it interesting, and slightly baffling.