Quote:
Originally Posted by jfman
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.
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I remember back in the late80's early 90's being a market trader wishing for a shop in a smallish town. The only option was to take on an existing lease from a business that was closing. No problem until I found out I would be also responsible for any repairs on the building as well. Needless to say I didn't bother.