this post was submitted on 23 Jul 2024
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traingang
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Legitimately a painful but good thing. Commercial real estate is a fucking massive speculative bubble at this point. In the city I'm in people with what you would think are very successful businesses/shops are getting completely squeezed out by insane rent, like it's actually baffling. I'm not sure what these dipshit s are thinking charging businesses so much (many of these areas aren't even very nice), but I'm guessing these properties keep switching hands and every time they try to sell it for more, leading to the next asshole with the bag deciding they need to up rent to make back what they spent in a neverending spiral. Kinda like housing, but somewhat less evil and more stupid.
Local bike shop closed up today, all inventory going to the landlord. Sad.