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Something we all can agree on

grapedrink

grapedrink

Duke status
May 21, 2011
26,292
15,075
113
A Beach
Sharkbiscuit said:
We're a week and a half in; I might not dispute Palo Alto, Berkeley, Brentwood, and San Luis Obispo either.
Click to expand...
Santa Barbara downtown is a conundrum. Maybe one of the SB locs can chime in. Commercial real estate has been crazy pricey there for a long time, and there are lots of empty storefronts that have been empty for years. You'd think that the market would correct and the landlords would drop the price to get a tenant, but it seems like they are intentionally keeping rent high in order to keep the market artificially high, even if it means keeping some units empty?

I think a big part of the recent revival in shopping center and light industrial area breweries is a result of high commercial rents forcing the more creative but non-corporate businesses to look outside of downtown cores.
 
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Ifallalot

Ifallalot

Duke status
Dec 17, 2008
89,175
18,212
113
Kento said:
But it gets better:

www.yahoo.com

A Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package

The federal government's planned $2 trillion economic rescue package includes financial aid for individuals and industries that are struggling to survive the coronavirus pandemic.It also includes a potential bonanza for America's richest real estate investors.Senate Republicans inserted an...
www.yahoo.com www.yahoo.com

Don't vote like retards next time, Billy and ifall.
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So don’t vote, at all?

This bill is bipartisan
 
Ifallalot

Ifallalot

Duke status
Dec 17, 2008
89,175
18,212
113
Billy Ocean said:
I do recognize that the repeated wall st bailouts cause the public to want to chuck the whole system

I don’t think many people realize how intertwined this system is in everyday life

If you look at the history of financial markets, these greedy guys have always been around and there have always been panics

the difference is that, when we did not have powerful central banks, these panics resulted in lengthy and repeated economic depressions that caused widespread suffering
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The panics and depressions pre-Fed were sharp but over quickly

The Great Depression happened after the Fed had been created
 
M

mundus

Duke status
Feb 26, 2018
37,514
16,492
113
United laid off workers right after getting the bailout, anybody surprised? Correction, United is planning layoffs after bailout restrictions end, did not mean to spread FAKE NEWS,
 
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B

Billy Ocean

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Jan 7, 2017
19,330
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Ifallalot said:
The panics and depressions pre-Fed were sharp but over quickly

The Great Depression happened after the Fed had been created
Click to expand...
en.m.wikipedia.org

List of recessions in the United States - Wikipedia

en.m.wikipedia.org en.m.wikipedia.org


the Great Depression is the anomaly

in the 1800s there were frequent panics that led to multi year depressions

1873 depression lasted longer than Great Depression. There were several others than were in the range of the Great Depression in terms of length but not severity

we’ve had a lot of improvements in policy since the Great Depression too, like FDIC

2008 would have easily been a depression on the scale of the GD without these policies

this stuff doesn’t solve everything though
 
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K

Kento

Duke status
Jan 11, 2002
69,167
21,665
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The Bar
Ifallalot said:
So don’t vote, at all?

This bill is bipartisan
Click to expand...
"Senate Republicans inserted an easy-to-overlook provision on Page 203 of the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. The estimated cost of the change over 10 years is $170 billion. "

Oh and meanwhile, Trump is withholding federal aid to people in states where he perceives the governor isn't nice enough to him?

You voted for Trump to disrupt the system. This is what you got. You and your ilk own all of it and there is no slinking away from that whatsoever. If Yakuza ran things, there would be many missing their little fingers. People like Gromsdad and squidley, I'd be surprised if they had anything below the elbows in that scenario.
 
hammies

hammies

Duke status
Apr 8, 2006
15,640
14,298
113
grapedrink said:
Santa Barbara downtown is a conundrum. Maybe one of the SB locs can chime in. Commercial real estate has been crazy pricey there for a long time, and there are lots of empty storefronts that have been empty for years. You'd think that the market would correct and the landlords would drop the price to get a tenant, but it seems like they are intentionally keeping rent high in order to keep the market artificially high, even if it means keeping some units empty?

I think a big part of the recent revival in shopping center and light industrial area breweries is a result of high commercial rents forcing the more creative but non-corporate businesses to look outside of downtown cores.
Click to expand...
You are correct. The overwhelming majority of State St. commercial real estate is owned by about a half-dozen big entities. There are certain elements of tax law that encourage letting a percentage of units stay vacant as opposed to lowering rents across the board to encourage development of new business. Plus, the city wants to maintain a certain aesthetic downtown so they really put up every roadblock imaginable to doing just about anything related to renting out a storefront and starting up something. Plus, State St. has a lot of homeless, and they have rights too, and if they prove to be a drag on retail or restaurants because nobody wants to walk around downtown, so be it (according to our elected officials).
 
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Ifallalot

Ifallalot

Duke status
Dec 17, 2008
89,175
18,212
113
Kento said:
"Senate Republicans inserted an easy-to-overlook provision on Page 203 of the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. The estimated cost of the change over 10 years is $170 billion. "

Oh and meanwhile, Trump is withholding federal aid to people in states where he perceives the governor isn't nice enough to him?

You voted for Trump to disrupt the system. This is what you got. You and your ilk own all of it and there is no slinking away from that whatsoever. If Yakuza ran things, there would be many missing their little fingers. People like Gromsdad and squidley, I'd be surprised if they had anything below the elbows in that scenario.
Click to expand...
Lol

Imagine blaming this on Trump. That being said, The disruption did work, because state and local governments are acting without waiting for the Fed, like this should be

Are you forgetting the 1400 pages of pork the Democrats added to the bill?

Stop being so partisan
 
M

mundus

Duke status
Feb 26, 2018
37,514
16,492
113
Ifallalot said:
Lol

Imagine blaming this on Trump. That being said, The disruption did work, because state and local governments are acting without waiting for the Fed, like this should be

Are you forgetting the 1400 pages of pork the Democrats added to the bill?

Stop being so partisan
Click to expand...
All the pork was for struggling citizens and opposed to the Republicans corporate welfare, but, but everyone is corrupt!
 
Ifallalot

Ifallalot

Duke status
Dec 17, 2008
89,175
18,212
113
mundus said:
All the pork was for struggling citizens and opposed to the Republicans corporate welfare, but, but everyone is corrupt!
Click to expand...
Oh, earmarking money to create diversity panels is for struggling citizens?

LMAO
 
grapedrink

grapedrink

Duke status
May 21, 2011
26,292
15,075
113
A Beach
Kento said:
If Yakuza ran things, there would be many missing their little fingers. People like Gromsdad and squidley, I'd be surprised if they had anything below the elbows in that scenario.
Click to expand...
Those 2 were born with a thumb plus either 3 or 5 fingers on each hand to begin with.
 
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grapedrink

grapedrink

Duke status
May 21, 2011
26,292
15,075
113
A Beach
hammies said:
You are correct. The overwhelming majority of State St. commercial real estate is owned by about a half-dozen big entities. There are certain elements of tax law that encourage letting a percentage of units stay vacant as opposed to lowering rents across the board to encourage development of new business. Plus, the city wants to maintain a certain aesthetic downtown so they really put up every roadblock imaginable to doing just about anything related to renting out a storefront and starting up something. Plus, State St. has a lot of homeless, and they have rights too, and if they prove to be a drag on retail or restaurants because nobody wants to walk around downtown, so be it (according to our elected officials).
Click to expand...
That's some third world anti-trust oligarch BS right there. Oh well, at least you have a Nordstroms and Marshalls downtown :sick:
 
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