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in that case, the reason is that the owner failed to lower rent, declare bankruptcy, abandon the property, get foreclosed on, or sell the property let the owne
by ImPostingOnHN 3y ago
in that case, the reason is that the owner failed to lower rent, declare bankruptcy, abandon the property, get foreclosed on, or sell the property
let the owner rent it for a dollar a month and we'll see if it gets rented
- latchkey 3y agoYou left out one other case... the owner wants a specific tenant or in the example that started this whole thread, a Chipotle.
- ImPostingOnHN 3y agowho cares what the owner wants? the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed the reason they don't have tenants is because their asking rent is too high and demand is low in capitalism, that means they should lower rent
- latchkey 3y agoOne more reason I just came across for you... maybe nobody wants to open a store in Gotham City and no amount of free rent can convince them otherwise... https://twitter.com/bett_yu/status/1685778275975761920 https://twitter.com/bett_yu/status/1685778275975761920
- ImPostingOnHN 3y agoNot a very convincing hypothesis.
- latchkey 3y agoHave you ever owned a retail business in Gotham City? I have and I would never do it again.
- ImPostingOnHN 3y agostill not a convincing hypothesis instead of trying to make the conversation about me or you, and instead of citing maybe-true singular anecdotes which don't prove your case (that space is limited, and lowering rent won't increase rentors), try just presenting the aggregate data showing that commercial landlords en masse have lowered rent to a dollar and still have these vacancies WAIT!!! Wait. I fear what you heard was, "argue about your anecdote some more", but what I said was, show us the data
- latchkey 3y agoOne can surmise that the owner cares. As you say, capitalism.
- ImPostingOnHN 3y agoand that's why commercial space is sitting vacant: the owners failed to price them properly as I said: capitalism