General > General Technical Chat
Imminent Collapse of Fry’s?
SilverSolder:
Rents have to go down if the footfall goes down - it makes sense that rent for a retail business location is a function of footfall... however, many landlords have not accepted the new normal.
langwadt:
--- Quote from: SilverSolder on February 24, 2021, 10:13:46 pm ---
Rents have to go down if the footfall goes down - it makes sense that rent for a retail business location is a function of footfall... however, many landlords have not accepted the new normal.
--- End quote ---
sometimes their hands are tied. If rent goes down valuation goes down, if valuation goes down the banks no longer have the collateral they thought on a loan, that might come in conflict with rules and regulations, those loan might have been sold on etc. etc.
Cerebus:
--- Quote from: ejeffrey on February 24, 2021, 05:01:14 pm ---
--- Quote from: engrguy42 on February 24, 2021, 03:30:53 pm ---I think the problems with Fry's and Radio Shack and every other electronics supply store here in the US is that nobody is interested in tinkering with electronics anymore. Only a few of us old guys, and much fewer young guys. Now people want dancing robots and AI and smartphone apps where you click a button and it does your laundry while you sit on your butt.
--- End quote ---
Ok, boomer.
Seriously this is just nonsense "old man yells at cloud" gatekeeper bullshit. Far more people are tinkering with electronics than ever before. They are just doing it differently than before.
--- End quote ---
You might want to step back and consider that no one has control over when they were born, just as they have no control over the colour of their skin. Would you openly say "Ok, n****r"?
Anyways, one or two things engrguy42 has said elsewhere have led me to believe he's quite young, although I may be mistaken in that.
SilverSolder:
--- Quote from: langwadt on February 24, 2021, 11:13:58 pm ---
--- Quote from: SilverSolder on February 24, 2021, 10:13:46 pm ---
Rents have to go down if the footfall goes down - it makes sense that rent for a retail business location is a function of footfall... however, many landlords have not accepted the new normal.
--- End quote ---
sometimes their hands are tied. If rent goes down valuation goes down, if valuation goes down the banks no longer have the collateral they thought on a loan, that might come in conflict with rules and regulations, those loan might have been sold on etc. etc.
--- End quote ---
Exactly, everything is made to be long term stable, but it doesn't stop changes in society from happening and - sooner or later - adjustments need to be made.
langwadt:
--- Quote from: SilverSolder on February 25, 2021, 12:03:32 am ---
--- Quote from: langwadt on February 24, 2021, 11:13:58 pm ---
--- Quote from: SilverSolder on February 24, 2021, 10:13:46 pm ---
Rents have to go down if the footfall goes down - it makes sense that rent for a retail business location is a function of footfall... however, many landlords have not accepted the new normal.
--- End quote ---
sometimes their hands are tied. If rent goes down valuation goes down, if valuation goes down the banks no longer have the collateral they thought on a loan, that might come in conflict with rules and regulations, those loan might have been sold on etc. etc.
--- End quote ---
Exactly, everything is made to be long term stable, but it doesn't stop changes in society from happening and - sooner or later - adjustments need to be made.
--- End quote ---
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
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