gunson on Nostr: Fiat money ruining the London high street "One reason for the decline in most high ...
Fiat money ruining the London high street
"One reason for the decline in most high streets is that the property management chains are so tightly geared, that to accept a new tenant at a lower rent would mean that the ‘mark-to-market’ value of the property would drop accordingly, potentially putting the value of the firm’s assets dangerously below that of their liabilities. So even though they lose money month to month, they hold out for a big chain, because the mom ’n’ pops can’t pay what they’d need to keep their balance sheet afloat."
https://www.spectator.co.uk/article/britains-railway-arches-are-getting-hollowed-out
"One reason for the decline in most high streets is that the property management chains are so tightly geared, that to accept a new tenant at a lower rent would mean that the ‘mark-to-market’ value of the property would drop accordingly, potentially putting the value of the firm’s assets dangerously below that of their liabilities. So even though they lose money month to month, they hold out for a big chain, because the mom ’n’ pops can’t pay what they’d need to keep their balance sheet afloat."
https://www.spectator.co.uk/article/britains-railway-arches-are-getting-hollowed-out