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economic fundamentals work great to describe say a restaurant.. if your not making money you can close and not serve customers thus drastically reducing your co
by monkeywork 6y ago
economic fundamentals work great to describe say a restaurant.. if your not making money you can close and not serve customers thus drastically reducing your costs.
This is very different for a landlord who is required to keep providing services (often mandated by government).
So while I get what you are saying - it's not exactly an equivalent example.
- Mikeb85 6y ago> if your not making money you can close and not serve customers thus drastically reducing your costs. The fixed costs of running a restaurant are $20-100k per month. That's why, once a restaurant has failed, you can literally buy it for nothing just by assuming the lease... At least a landlord still has a valuable asset.
- monkeywork 6y agonot if the bank forecloses on it...