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Prices can be very, very sticky? In my city it appears (to my uninvolved eye) that several levels of floor space sublessors need to run out of lessees by raisin
by mananaysiempre 5y ago
Prices can be very, very sticky? In my city it appears (to my uninvolved eye) that several levels of floor space sublessors need to run out of lessees by raising prices in order to pay (possibly their debt to) the higher levels, with a couple months’ latency for each, until retail can reasonably exist again.
- hanniabu 5y agoIf they start raising prices then CPI will start reflecting true inflation, and we can't be having that!
- mananaysiempre 5y agoI doubt it’s that advanced, honestly, the commercial real estate market here is pretty thuggish. And everybody’s prices are sticky, it’s seemingly part of how we define fairness. (See the haircut comment two levels up for an example from the consumer side.) I’m certain economists have loads and loads of strong words to say to all of us about this behaviour.
- gruez 5y agoInflation would look bad for politicians, but I doubt small business owners are ruining their business just so BLS can put out slightly better inflation numbers.