Don’t neglect the fact that commercial real estate owners will arbitrarily jack rent 3x year over year. It’s basically the reason that established restaurants go out of business. Almost every restaurant that is over 20 years old owns their building.
The commercial real estate market, of all things, should be able to self-regulate. A property sitting empty is losing them tax money, get too many shuttered businesses together and the property value drops.
Few things market-correct in these late-day capitalism hellscapes, but commercial property either corrects or gets bulldozed and bought by someone who corrects (and maybe rezones) it. Sometimes it just takes a decade or so.
I mean, I agree, but beef consumption in the US has dropped in the past 20 years. And you can find similar price stories for all meal prices, regardless of ingredients.
Coming out of left field here, but… scaling beef production is not very sustainable?
Like, unless it’s a rare treat, I feel like beef has to go artificial or prices keep going up, even if wealth distribution is worked out.
True, to an extent. But the price of a pound of hamburger at the grocery store has gone up relatively equal to inflation.
In a lot of places, minimum wage has raise 3x to when it originally was. But they’re paying this wage bumps off and just a handful of sales.
Commercial real estate is probably up about 3x from where it was when we were eating $4.75 bodacious bacon cheeseburgers from Roy Rogers
I think, pretty much, we’re looking at disproportionately high real estate costs and greed.
Don’t neglect the fact that commercial real estate owners will arbitrarily jack rent 3x year over year. It’s basically the reason that established restaurants go out of business. Almost every restaurant that is over 20 years old owns their building.
Yeah, it’s
turtlesgreed all-the-way down.The commercial real estate market, of all things, should be able to self-regulate. A property sitting empty is losing them tax money, get too many shuttered businesses together and the property value drops.
Few things market-correct in these late-day capitalism hellscapes, but commercial property either corrects or gets bulldozed and bought by someone who corrects (and maybe rezones) it. Sometimes it just takes a decade or so.
I mean, I agree, but beef consumption in the US has dropped in the past 20 years. And you can find similar price stories for all meal prices, regardless of ingredients.