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> As a result, businesses either have to raise wages, or shut down, or significantly reduce their hours. If these were your only choices you were on the edge o
by gopher_space 4y ago
> As a result, businesses either have to raise wages, or shut down, or significantly reduce their hours.
If these were your only choices you were on the edge of profitability right before a global pandemic hit. Plenty of reasons for that. Commercial Rent Control is "progressive" and the people who own property like this can afford to let it sit vacant indefinitely and will literally abandon this amount of profit because they feel like it.
- vkou 4y agoThis started before the pandemic hit, the pandemic just accelerated the growth of housing prices in those towns, as remote-workers started moving to them.
- gopher_space 4y agoNobody needs to be speculating on the lumber market.