🆙🐻 to send your energy towards collapsing the real estate bubble
If the commercial real estate market crashes, as many are predicting, it’s going to be way worse than the housing market crash in 2008. That time obama was new and we know what he did. I wonder if Biden learned anything from that.
No one - it just acts as a paper asset for realestate speculators and foreign money laundering
This is whats happening in Toronto too, with massive rent increases over the last few years, valuation reassessment of properties as if they were 40 story condos, and now no relief from covid for small businesses especially restaurants, but banks are entitled to their income.
We have local restaurants closing left and right and its sad and scary for the non-franchise future.
no relief from covid for small businesses especially restaurants, but banks are entitled to their income.
Thing is, whatever relief gets directed their way would go straight to the landlords. They'll soak it all up like a sponge. The real problem is that it shouldn't cost 25k a month to sell fucking pizzas.
And you are all actually still paying people. People in the US where Covid is worse aren’t even getting paid if they lost their job anymore
reflection of another pizza place across the street lol
here it is on street view
https://www.google.com/maps/@40.7804157,-73.9528802,3a,90y,274.33h,97.91t/data=!3m6!1e1!3m4!1sn_p_qPuikpF0jH8l3KSQiA!2e0!7i16384!8i8192
this isnt really related to the post, but i was looking at the city there and there are so many people. it makes me anxious.
really? it's not even crowded, there aren't even that many people visible from that location
yeah, right there there isnt much but i was moving around the area, looking at some of the buildings and whatnot. theres a lot going on nearby.
im also from a small enough town that if i forget to lock my doors at night i dont worry too much about it. im mostly surrounded by sorghum and cotton fields, and a couple hundred homes. NYC is just outright too much for me.
have you ever watched Michael play Geoguessr on the Chapo twitch stream? you might find it chill and cool. I do
How many fucking pizzas were they selling to cover that rent?!
And what percentage of my pizza bill goes to rent vs ingredients vs wages?
Ingredients cost almost nothing. There are places in Manhattan that operate selling pizza for only $1 per slice. The vast majority of it goes towards rent
Pizza economics podcast when? https://i.kinja-img.com/gawker-media/image/upload/tycktvp7wklcjnn5maf6.jpg
