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    evacide (evacide@hachyderm.io)'s status on Thursday, 02-Nov-2023 06:04:14 JSTevacideevacide

    I have often wondered why, when stores close, landlords leave the spaces empty for years at a time instead of lowering rents. The answer, apparently, is banks often won't let them:

    https://www.businessinsider.com/bank-financing-urban-planning-pandemic-retail-apocalypse-vacant-storefront-2023-10

    In conversationabout a year ago from hachyderm.iopermalink

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    1. Domain not in remote thumbnail source whitelist: i.insider.com
      The hidden culprit driving America’s apocalypse of boarded-up storefronts
      from Adam Rogers
      The pandemic kicked off a "doom loop" that has gutted cities and towns across the country. Big banks are making it worse.
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