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92
Joined
2 yr. ago

  • Shopping centres might do that or offer other incentives maybe like paying for advertising costs or something. If the shops are owned independently like the article's example then it's a bit harder because they need to cooperate.

  • Rent is definitely a factor along with interest rates but the article talks about it "The key reason why is to do with how retail properties are valued, which comes down to what the asking rent on the property.".

    The issue is that if you were getting 1000/wk and then the tenant left you now have a temporarily vacant property if you lower the rent and get someone back in at 600/wk now your property valuation is 40% less which matters a lot for loans.

    It's also worth noting that commercial leases are often much longer so they might be waiting for a rebound in the market before renting it out.

    Unfortunately this can lead to death spirals in a lot of areas.

  • "Thierry Breton, the European commissioner for the internal market, said in a letter addressed to Musk on Tuesday that his office has “indications” that groups are spreading misinformation and “violent and terrorist” content on X, and urged the billionaire to respond within a 24-hour period."

    Sounds like it's just a strongly worded letter.

  • I think point is without the cast body section you could just replace broken parts which may be significantly less. In practice though I don't think it matters that much. Small accidents hopefully don't damage the frame and if they do it's often a bit dubious repairing it.

  • Sydney @aussie.zone

    ‘More than just a supermarket’: Why Woolworths is building apartments

    Sydney @aussie.zone

    A Sydney council ‘delivered’ 23 affordable homes in 14 years but none are occupied

    Australian Politics @aussie.zone

    Why build-to-rent could be the best fix to the housing crisis

    Sydney @aussie.zone

    They must have known