Café

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Welcome to our virtual third place, The Café.

Come on in and make a new human connection over a cup of coffee (or Teh Tarik). This is a casual community, do whatever you want, share your oyen pics, your frustrations, and even organize a weekend picnic with the community. The world is your oyster.

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Shower thoughts: Commercial properties might be in worse crisis than what's seen (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I mean, at least housing properties have this ever present cultural pressure to keep fueling it for some time. Bussiness however are more realistic. If the location got too expensive they will simply close or move. Maybe even just do their bussines 100% online.

But all these are just my guess. Outsiders like me have no chance to see what's behind the shop front, and bussiness, especially one in crisis, will always keep up a business as usual everything is fine façade.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Also consider the age of the business. Newly minted ones tend to close the moment they suffer a loss. But in city centre you may stumble upon old family run businesses that have operated for a few dozen years those tend not to shut down ever unless they retire from old age and nobody take over

Inflation in Malaysia is also lower than you think. Our interest rate is relatively low and stable. Disposable income is there (relatively speaking). Holistically speaking it really is up to the government (especially local ones) to decide how best to increase that pool of disposable income to drive local economies and businesses.