Quote:
Originally Posted by jfman
In some respects this is all good news.
We need to lose the concept of property as an asset to extract revenue from. Less high street outlets = oversupply of units and should push rents down for everyone else. In a best case scenario (if unlikely) of some being sold off to businesses who actually want to operate there. Extracting the financial sector parasite from the economy altogether.
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How would a business starting up, afford to buy the premises instead? Who pays for the property to be built and maintained? How would it work in a collection of units in a building?
Too much over-expansion in the cafe/restaurant sector. High risk at the best of times.