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Originally Posted by Russ_Boston
And the problem is?
You can not expect 'the family' or any other RE owner to take less than they think they can get. They owe NOTHING to mom and pop. They are under NO obligation to anyone to let them have a place for less than they can get for it. If they are truly being just greedy then the market will bring them down eventually.
I get a little tired of TVers who think the Morse family et. al. owes them anything. It costs more to have a restaurant in Manhattan then it does in Brooklyn. And it costs more per square foot in TV than in does in Fruitland Park. Those are just the facts.
I know that I sound arrogant and I have no stake in this yet but this discussion is just plain silly. I say let the stores be vacant and sooner or later someone will move in. If they don't do their homework and go broke with their venture then so be it.
Respectfully - Russ
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What you just said is reasonable and true. It is the same everywhere. As a rep I was ALWAYS telling people who wanted to buy my line and start a business, to NOT sign a lease until they had done the math. So many people think they can have a good plan and make a fortune, selling some obscure thing or service. I am astonished at the lack of planning on the part of these people.
The reasons chains make it more often is that they KNOW what they are doing and have investigated the demographics and business climate before entering the area.