Quote:
Originally Posted by INever
A lot of retail is vacant in one Cali college town because owners demand potential retailers have 5x the annual rent in their bank accounts. A tiny 500/mo space requires 30k in the bank.
Those who sell from street tables on the weekends complain about the few who own most of the town's commercial r.e.
For me, the $2500 clients wanting language help with their sites/books. Gone poof. Probably some using the machine instead.
|
Oh wow, yeah translation services are probably getting hit hard as well, if that's what you mean. But, that begs the question, I wonder how accurate that machine really is? Hopefully you're working on some backup plans ...
And yeah, the whole 5x the amount of annual rent is absurd. Can't really grow an economy like that, or expect too many businesses to jump on board. But, those few owners probably have the property paid off, or have plenty of cash and couldn't care less about the income.