Comment by grebc
12 hours ago
If you think there’s a better use it’s a free market. It’s even up for lease, you don’t even need to buy it ;)
12 hours ago
If you think there’s a better use it’s a free market. It’s even up for lease, you don’t even need to buy it ;)
no, i can't. the rent is to high. which means the rent is not market-rate. the free market was supposed to correct that, but it doesn't, so maybe this is not a free market after all.
You’re correct in that you don’t want to transact.
Everything else is your own opinion, which of course is fine.
if my business doesn't make enough profit then i literally can't. that's not an opinion or a choice. that's a fact of life. and if noone is willing to pay that much rent whether they could afford it or not, then the rent is not market-rate. that's not an opinion. that's how market-rate is defined. it is what the market is willing to pay.
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real estate must be the worst thing to use as an argument for "it's a free market" - because its one of the types of things which every stock is it's own, truly unique monopoly. I can't "freely" produce the same commercial property, unless I already own that property.
Commercial property is only unique in number on a street location factor.
Plenty of the same type of commercial properties exist right next to each other, happily too.
in order to join that market you have to buy at the inflated prices on the market, since current owners refuse to sell for a loss, there's nothing you can do as an individual to make this cheaper unless you already own the land.
Location still matters, as it does for residential, proximity to employees, or customers is important.
Zoning restricts what land can do what.
There's many reasons why this isn't a "free market"
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