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Economy

Farmer-Rick

(11,056 posts)

2. Well, with monopolies come a smaller need for commercial space.

Reply to mahatmakanejeeves (Original post)

Tue Nov 14, 2023, 10:30 AM

Nov 2023

That's what happens when monopolies take over. Who needs more than one office? Who needs more that one retail space? Hell my cable company doesn't even keep an office space in town anymore. Everything is by internet. Just trying and get a line repaired is like pulling teeth. Because you can't fix broken cable by phone.

With competition and local Mom and Pop shops, everyone of them needed retail and office space. But with only a one, or maybe at the most 5, corporations owning everything, they don't need as much commercial space.

Every action has a reaction. Thank Raygun for stopping the enforcement of antitrust laws.

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Highlight:

The Clearest Sign Yet That Commercial Real Estate Is in Trouble [View all] mahatmakanejeeves Nov 2023 OP

It's time to turn these properties into affordable housing Wicked Blue Nov 2023 #1

Well, with monopolies come a smaller need for commercial space. Farmer-Rick Nov 2023 #2

The risks lenders took was within their own guidelines so fuck 'em. jaxexpat Nov 2023 #3

We don't need more commercial real estate. We need more remote work and lifestyle choices. bucolic_frolic Nov 2023 #4