Monday, Mar 26, 2018 at 20:24
You buy stuff from bricks and mortar stores and there's an inbuilt cost of about 30% of the items purchase cost, to cover the enormous rents these business people have to pay.
If you knew the rents these businesses are paying, you would be stunned. Spoke to a furniture retailer bloke who was closing down last year, and he said his rent bill was over $110,000 a year!!
You gotta sell shiploads of furniture to cover that kind of business input cost!
I have no intention of making greedy commercial property landlords any wealthier than they already are.
In my neck of the woods, these greedy people are still demanding 20% to 35% ROI for property rents!
Someone needs to remind them we only get 2.5% - 3.5% when we put our hard-earned dollars on interest-bearing deposits!
What is amazing is that there are industrial suburbs that are a wasteland of empty factory units - but the landlords won't reduce their asking rents, though!!
They just put the empty units up for sale when they can't rent them - at exorbitant prices, too!
Online is the only way to go. You have the choice of thousands of online sellers and they all deliver right to your door, 98% of the time!
Cheers, Ron.
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