Originally Posted by litacats
I was talking to our local resturant owner and he is closing in august next year as he has been notified his rent will go up by 150% the same is happening with my local hairdresser too. I am amazed that they can charge such a big increase in 1 hit.
our town is trying to expand and the person who owns most of the shops is trying to kill the town. he will soon find out that he doesn't have any money himself if all his shops close down and he has no rent coming in.
some people are only interested in the almighty dollar but they can't see beyond the dollar signs to see that there wont be any coming in
Had a restaurant close in a city I used to live in. It was VERY popular and right in the middle of town. But the owner upped the rent so much the restauranter said forget it. That place sat empty for TEN yrs!!!! Served the owner of the property right!