Comment by grebc
13 hours ago
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.
13 hours ago
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"
The people advocating for change in this situation likely advocated for all the impediments you’re providing as to reasons why it’s not supposedly a free market.
Someone bought an asset they could afford to hold in bad times. End of story.
There's something wrong with the structure of the market if people are holding assets they don't need that others could make better use of.
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