People should approach this with a healthy dose of skepticism. Though the description of the loan term problem here is real, their diagnoses of “financialization” is well into crank-territory. Strong Towns has a bizarre, reactionary conception of “””Financial Capital””” and blame it for everything.
Urban Land Rent 🇸🇴🚰
I was trying to figure out why some presumably desirable urban commercial properties (specifically retail/service) sit vacant for so long and I found this a very interesting read. If there are any experts out there who can provide a solution or even a different perspective I'd love to hear that
Instead of letting their commercial buildings sit empty, surely it would be better for landlords to lower the rent and got some use out of the building, right? Wrong. Here’s why.
