Same reason multimillion dollar condos are owned in Manhattan, but sit unoccupied. #ItsTheEconomyStupid
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Hahaha. Because your mayor is communist. In 5 years he will shoot Big Apple back into the eighties with crime like Chicago, mismanagement and a failed economy.
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What is the first thing that happens when a ship starts to sink.
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It’s the
#RENT ! “The city is losing what makes it appealing, what makes it New York,” Professor Wu said. Amen to that
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New York is full of empty stores due to high taxes, high rent, and online shopping. New York's "cure" is to tax store front and property owners more taxes if they leave the buildings empty. LOL.
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Because people havent put stuff in em.
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I like the idea of vacancy tax on empty commercial properties.
@CityofVancouver should consider that along with the empty home tax! - 1 more reply
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Average Rent in VENTURA CALIFORNIA is $960.OO Month
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A Dog is $5.00 extra
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Good point ,VENTURA CALIFORNIA, is expanding, more jobs, our infrastructure is on full swing, repaving all our infrastructure
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Knocking down the old with new, Question, what's the problem in the big Apple?
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Worker's wages have barely gone up for years and they can't afford to go shopping at these stores. Consumers drive the economy and when they don't see any wage increase they can't go shopping.
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Amazon. Question is, why are they not converting retail space to residential?
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Oh, I don't know, shit's too expensive?
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Commercial landlords can deduct losses for rent not collected...even if they could have rented at a lower rate.
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Too expensive?
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