jon's about to file for divorce

[Cams Purple Lambo]

hey lets all go out in this overpriced market and get ourselves tied down with a 500k loan on a property thats going to be worth 390k when the bubble bursts again

i think it's still feasible to investment in commercial rn esp like stripmalls in hot real estate mkts bc you can get long term leases and gtfo out of there (sell the property) since the mkt is so hot.

i would not want to have huge loans on residential prop right now

i think it's still feasible to investment in commercial re esp like store fronts or something right now bc you can get long term leases and gtfo out of there (sell the property) since the mkt is so hot.

i would not want to have huge loans on residential prop right now

store fronts are at an all time low in terms of filled space right now because of online sales............................................................................................... ......................

[Cams Purple Lambo]

store fronts are at an all time low in terms of filled space right now because of online sales............................................................................................... ......................

restaurants/food joints fill them but yeah.

i have family in s. florida and it seems like you can just build little stip malls whereever and youll get a lease from: panera bread, chiptole, coffee shop, maybe a walgreens or store like that, sushi place etc...

literally like five to ten 100 year old businesses closing shop every year because of amazon.......................

30% of small businesses storefronts are unrented and empty, as much as 60% in smaller cities......................................

......................................

According to the New York Times, it’s generally agreed that a five percent vacancy rate is a healthy level for a busy retail corridor. Larisa Ortiz, a commercial revitalization consultant says anything under 10 percent is acceptable. A number of recent studies have found retail corridors in prosperous Manhattan neighborhoods struggling with much higher rates, from 14 percent on Columbus in the Upper West Side to 20 percent on Broadway in SoHo.

currently sitting at 3-4 times the healthy rate.......................

[Cams Purple Lambo]

currently sitting at 3-4 times the healthy rate.......................

rents are high as fuck there which probably contributes to that. long island city seems to be building new shit all the time