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Other than some of the residents who don’t want to see empty storefronts, who is incentivized to push for a correction in this case? That is a tad dismissive.
by dec0dedab0de 10mo ago
Other than some of the residents who don’t want to see empty storefronts, who is incentivized to push for a correction in this case?
That is a tad dismissive. Instead of not wanting to see empty storefronts, consider residents who would like to start a local business, but can not because the rent on commercial properties is prohibitively expensive. Then remember that there are residents who would like more jobs in the area.
- tokioyoyo 10mo agoBut residents understand that if that property value goes down, their own property value will go down as well, no? Unless they're a renter, which is the minority of the population. So, even if they'd want to open a business, they'd need to be ok with the devaluation of their environment as well.