NYPost article

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to me this is very funny because it reminds me of the knockoff stores we have here in Mexico

also the local operator of Burger King Russia refuses to shut down all locations, Will Burger Tsar appear soon ? :thinkin-lenin:

  • fusion513 [none/use name]
    ·
    3 years ago

    I've actually been following this story (as a way to escape the bleak other stuff happening) Here's how this went down, lol:

    • McDonalds corporate decides that in Russia, they're going to buy a bunch of real estate then franchise it out. Corporate owns the property, but locations are locally operated.
    • McDonald joins Ukraine sanctions and says it's temporarily suspending operations in Russia.
    • Russia passes legislation that any business that remains out of operation for more than 30 days effectively "abandons" their property claims.
    • McDonalds freaks out because they're just rent-seeking landlords, and they try to keep some of locations open to avoid losing all their investment.
    • It's looking like these corporations are going to have their assets appropriated regardless.
    • Omega_Haxors [they/them]
      ·
      3 years ago

      any business that remains out of operation for more than 30 days effectively “abandons” their property claims.

      Oh god please this for empty houses, oh god please

      • NephewAlphaBravo [he/him]
        ·
        3 years ago

        I think even the US has a law about that, except it's something insane like 5 years.

        • Omega_Haxors [they/them]
          ·
          3 years ago

          You're thinking of Squatting laws. If you live in a house a long ass time and nobody stops you, then the squatter just owns the place. Ultimately this results in violence as landlords are incentivized to attack homeless people living on their properties rent-free to keep the prices high. A mandate to fill their houses would force them to lower their prices since having an empty home would cause them to lose it completely.

          • Frank [he/him, he/him]
            ·
            3 years ago

            There's a bunch of caveats too, like you have to post in the newspaper that you're squatting or something. Squatters rights sort of exist on paper but not in real life.

            • MikeHockempalz [he/him]
              ·
              3 years ago

              Squatters rights sort of exist on paper but not in real life

              Just like all other rights in America other than property rights

      • Multihedra [he/him]
        ·
        3 years ago

        Uber for “house sitters” so you get paid $5 to go … flush a toilet?

        Gonna need fancy PropertyGenius 3000 internet of shit locks for gig worker to get in without keys

        It sounds excessive, but how else can you produce receipts for active occupation of investment properties?

    • The_Walkening [none/use name]
      ·
      3 years ago

      McDonalds corporate decides that in Russia, they’re going to buy a bunch of real estate then franchise it out. Corporate owns the property, but locations are locally operated.

      I guess that's practice for McD's all over the world - it's basically a way for them to control franchisees tighter by being their landlords.

      • CTHlurker [he/him]
        ·
        3 years ago

        Yup. McDonalds is a real estate company, at least from the POV of their HQ. The food is just there to boost the price of the real estate, and ensure an occupant.

    • Multihedra [he/him]
      ·
      3 years ago

      I saw this a few days ago but didn’t follow closely, thank you for the update!