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I think it’s first order the rent (commercial) and second order the wages needed to pay rents (residential). Having seen the rents in the major cities I don’t k
by cjbgkagh 1y ago
I think it’s first order the rent (commercial) and second order the wages needed to pay rents (residential). Having seen the rents in the major cities I don’t know how people manage - it’s insanity.
- rkomorn 1y agoVirtually nobody's mad at commercial landlords for being the only people actually making money in the (non-chain) restaurant industry though.
- throwaway2037 1y agoThe profit margin for commercial real estate (in a highly developed country) is probably similar to a non-chain restaurant.
- alright2565 1y agoAnd chain restaurants are often a large part real-estate plays: https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chain-its-a-brilliant-30-billion-real-estate-company https://qz.com/965779/mcdonalds-isnt-really-a-fast-food-chai...
- deleted 1y ago[deleted]
- estearum 1y agoLand Value Tax fixes this
- Sohcahtoa82 1y agoI'd love to see a law that ties the minimum wage to the average rent in the nearby area. Make the business owners and the landlords battle it out. Obviously, this suggestion is extremely tongue-in-cheek and would probably be absolutely awful in practice for a million reasons.