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by galangalalgol
21 days ago
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I read that the banks often set minimum rents on the commercial real estate built or renovated with their loans. The minimum is too high for most any business to be profitable, so you see a series of failed attempts until a big chain like 711 or Starbucks rents it. They still don't profit and just close the store but keep the rental because longer terms usually. Not sure why the banks have this incentive. |
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If it's actually a market, it should go up AND down. Otherwise it's just a scam.