251–256 of 256 posts
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What if nobody wants to buy it and you can't pay the tax?
The state takes it, and then can either sell it off or use it. This makes it easier to do things than trying to find who owns a probably abandoned property.
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"Get your kids addicted to M:TG so they'll never have enough money for drugs" - good advice from a coworker of mine
"Getting your kids addicted to M:TG" should also include showing those kids how to order proxy cards for much cheaper.
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Loan to Value (LTV) is a percentage that tells you how safe a loan is. You divide the amount of the loan by the value of the building. So if I buy a building for 10 million with a 6 million loan and 4 million of my own money then I have an LTV of 60%. This means if I go bankrupt then the bank can sell the building and get its money back. If the value of the building halves because the rent halved then I have a 6 mill…
Sounds like a solution would be to average rent prices over some period of time to account for rental market fluctuations.
If local people want shops on their high street then the only real solution is incredibly agressive fines for vacant commercial spaces.
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> And no, automation isn't a panacea either, because an economy not just requires workers to do work, but also people having money to buy things Automation is the whole reason people have money to buy things. Before we had automation everyone lived on farms and sewed their own clothes. Only noblemen could afford to pay for clothes. Your intuition is plain wrong, I'm sorry. AI may take away purpose if it takes away li…
> Automation is the whole reason people have money to buy things. Before we had automation everyone lived on farms and sewed their own clothes. Only noblemen could afford to pay for clothes. Your intuition is plain wrong, I'm sorry. Every industrial revolution to this day produced insane amounts of job losses and suffering. In fact, that's how we got the labor rights almost a century ago. Affected workers literally g…
You're right. And I suggested a way to make it happen this time.
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It's pretty much the same in my place, too. The old malls are dying. There are new malls coming up, but I'm not sure how they are going to hold in the future.
Luxury malls in cities aren't really my thing and there are even some higher-end suburban malls where Apple stores seem to have become an anchor store in this day and age that I would have laughed at once upon a time--shows how much I know. I will say I have walked into some malls in Vegas and only half-hyperbolically thought I couldn't (and/or wouldn't want) to have afforded pretty much anything.