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Antiwork

Our small downtown area is dying out

As many here can guess for the reason, a new property owner bought out a few of the buildings the stores leased. Naturally to recoup his costs quicker the rents were raised. Now 8 stores have left the market area, meaning we are slowly approaching 25% vacancy rate. I am genuinely curious who will replace these stores since the rates are now way to high. Similarly, we have a converted freight yard that is a converted food court losing restaurant since their rents went up as well. Honestly, the investment and property investment needs to be heavily regulated and limited through tiered taxes.


As many here can guess for the reason, a new property owner bought out a few of the buildings the stores leased. Naturally to recoup his costs quicker the rents were raised. Now 8 stores have left the market area, meaning we are slowly approaching 25% vacancy rate.

I am genuinely curious who will replace these stores since the rates are now way to high. Similarly, we have a converted freight yard that is a converted food court losing restaurant since their rents went up as well.

Honestly, the investment and property investment needs to be heavily regulated and limited through tiered taxes.

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