>> We were running a restaurant doing $6M in revenue but paying real estate for a place that needed $20M in revenue to be profitable.
Low interest rates. They drive real estate prices way up. Had they been able to buy vs rent or simply pay less, they would have been in better shape.
IMO low interest rates are actually causing problems for the economy.
>> We were running a restaurant doing $6M in revenue but paying real estate for a place that needed $20M in revenue to be profitable.
Low interest rates. They drive real estate prices way up. Had they been able to buy vs rent or simply pay less, they would have been in better shape.
IMO low interest rates are actually causing problems for the economy.