GoKawiilReport finds remote work's fiscal fallout uneven across U.S. cities, not just NY and SF
A new analysis revisits the 2022 'doom loop' theory that predicted falling office values would trigger a self-reinforcing cycle of shrinking tax revenue and service cuts in major cities. Researchers now argue that New York and San Francisco, initially seen as most vulnerable, have shown surprising resilience—New York's office market has rebounded and San Francisco has benefited from AI-driven growth—while other cities face greater hidden fiscal risk.