4 ms·
While I whole heartedly sympathize with the sentiment of the article (no one wants to see local institutions forced out, chain stores move in, or storefronts si
by cascom 5y ago
While I whole heartedly sympathize with the sentiment of the article (no one wants to see local institutions forced out, chain stores move in, or storefronts sit empty), and real estate developers and “speculators” no doubt make an easy target, it would seem that the author thinks that neighborhoods can and should keep their current character and not evolve (for the good and the bad).
It somehow always strikes me as odd how some tenants think that they should not be subject to market forces, if you want to lock-in prices for more than 1-10 years, buy.
- rdtwo 5y agoThese aren’t real market forces if the properties are staying vacant. It’s likely that the tenants are getting hit by 2nd order effects of bad regulation like the tax thing or financing requirements that incentivize leaving properties empty
- xerox13ster 5y ago> if you want to lock-in prices for more than 1-10 years, buy. Many people who are tenants are tenants precisely because they can't afford to do that when speculators have manipulated market forces to artificially drive up the prices.