Quote:
Originally Posted by nomadking
"Capital alone"?  They're providing a building and a whole host of other services. Who pays for the car parking spaces? The "capital alone" really applies to lenders. If they didn't exist, then people couldn't start up businesses, buy their homes, buy their business locations, etc. How else do the shopping centres get built in the first place.  |
You're using the narrow example of a new development shopping centre. Most High Streets aren't new developments, they are formed of existing properties that have stood for decades snapped up by speculative investors getting a higher return from rental than investing in shares.
A devaluation of property prices, and rental incomes, would be most welcome for the sector. That'd allow businesses (that employ local people) to flourish. A net positive.