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Started By
Message
re: Retail Chains Abandon Manhattan: ‘It’s Unsustainable’
Posted on 8/12/20 at 4:12 pm to ItNeverRains
Posted on 8/12/20 at 4:12 pm to ItNeverRains
quote:
he amount of commercial space for sale I have seen in the last 30 days is unreal
Makes sense. I was considering moving from my leased premises to buying something. Asked a commercial realtor and she was quick with the "absolutely not, commercial real estate is booming" and then tried to show me an overpriced RETAIL location right after I told her I was looking for office / warehouse space on the cheap. I think they are scrambling and saying whatever they need to say to convince themselves that doom isn't coming.
1
Posted on 8/12/20 at 4:14 pm to Major Dutch Schaefer
Posted on 8/12/20 at 4:19 pm to ItNeverRains
While it may be way cheaper to pick up the property now, the heavy taxes and unions will take their toll. You simply have to ask yourself if greater media exposure is worth the pain.
Posted on 8/12/20 at 4:48 pm to BlackHelicopterPilot
Yep
Perfect example is Colorado.
Californians have been moving there for 30 yrs and finally flipped it.
That is why I'm not happy at all to see these companies moving to Texas.
Perfect example is Colorado.
Californians have been moving there for 30 yrs and finally flipped it.
That is why I'm not happy at all to see these companies moving to Texas.
Posted on 8/12/20 at 4:53 pm to jp4lsu
why not flip california?
Posted on 8/12/20 at 4:55 pm to mrgreenpants
Takes a lot of people to flip a state that size. More so when the politicians are putting in turnstiles at the border.
Posted on 8/12/20 at 5:17 pm to Major Dutch Schaefer
Stay the frick out of Florida if you bring your liberal arse politics though.
So tired of liberal Yankees running from their own ideas, yet bringing them here. frick off.
So tired of liberal Yankees running from their own ideas, yet bringing them here. frick off.
Posted on 8/12/20 at 5:27 pm to Major Dutch Schaefer
A lot of retail chains are in bankruptcy and were in trouble even before COVID.
Not surprised JCPenney is closing down stores with high expenses, they're trying to survive as a chain. Neiman Marcus also closed its store in NYC.
Not surprised JCPenney is closing down stores with high expenses, they're trying to survive as a chain. Neiman Marcus also closed its store in NYC.
Posted on 8/12/20 at 5:29 pm to Major Dutch Schaefer
I hope we don't get roped into bailing these disasters out. Liberal mayors/governors shouldn't be rewarded for being, well, for being liberals.
Posted on 8/12/20 at 5:31 pm to jbgleason
My buddy’s wife (no pics) is an analyst for a major development firm in Tampa. She was telling me last weekend that based on the delinquency rates they’re anticipating a major commercial real estate downturn in Q4 2019 through Q2 2020. If she’s right, that’s a scary thought. Considering it’s just the downturn, who knows how long it’s going to take to recover.
Posted on 8/12/20 at 5:40 pm to Snazzmeister
Considering it is August 2020 right now, I think you have your dates wrong unless they are looking at trailing data rather than upcoming data.
Posted on 8/12/20 at 5:54 pm to Major Dutch Schaefer
The people who run NY must know what's coming in the form a big "reset" and that they will be bailed out in some way.
Posted on 8/12/20 at 6:11 pm to Major Dutch Schaefer
Leave it for the rats to take over
Posted on 8/12/20 at 6:13 pm to Centinel
quote:
Except for West Virginia. No one every goes near West Virginia.
Sort of like Mississippi.. yeah it’s shittey.. but not that kind of shittey.. I have a fine quality of life here and would like to keep it that way..
The libs can takeover and ruin other places
Posted on 8/12/20 at 6:47 pm to Major Dutch Schaefer
Fat Pats in Alex is booommmmiing....just saying. If any of those NYC places are looking for a home.
Posted on 8/12/20 at 7:11 pm to Major Dutch Schaefer
Soon, Mogadishu will be more livable the NY.
Posted on 8/12/20 at 9:03 pm to Major Dutch Schaefer
maybe an influx of illegal immigrants would boost the economy in NYC.
Dems love them illegal immigrants.
what i meant to say is undocumented workers.
Dems love them illegal immigrants.
what i meant to say is undocumented workers.
Posted on 8/12/20 at 9:09 pm to MrLarson
quote:BFE?
My brother just bought a home and 6 acres about 10 miles from me out in BFE and he hasn't lived in my county in 25+ years and has never lived in BFE.
is that anywhere near Egypt?
Posted on 8/12/20 at 9:26 pm to Major Dutch Schaefer
Good. Let New York die. May Los Angeles, San Francisco, and Seattle follow it into Hell.
And Austin... get back in the closet or you go with them.
And Austin... get back in the closet or you go with them.
Posted on 8/12/20 at 10:26 pm to Major Dutch Schaefer
This is what happens when you put economics before God. Your vote better be for God first, and economics will follow. No one can be more generous than God. Give to God what is God's and give to ceasar what is ceasar's. Be careful when voting for a ceasar that wants to take that which is God's. It will turn out very badly.
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