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by legitster
1069 days ago
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Sure. But if you took out a huge mortgage to buy your ice cream business based on anticipated sales, there are certain prices you cannot go below without going bankrupt. In a way, this is worse with real estate. With ice cream you can always make up losses with volume (to a certain extent). With real estate you have a fixed supply. Moreover, if you drop the price to get a new tenant, you implicitly drop the price for all existing units as well. |
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