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Metropolitan New York City
Reply to "The sheer number of empty storefronts in nyc these days is an eyesore"
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[quote=Anonymous][quote=Anonymous]Landlords get to write these off. There should be a penalty for empty fronts after a certain number of months or whatever. And yes some will say that no free market will take care of this. But it's not a free market if the existing tax regulation benefits leaving the spaces vacant as opposed to renting them at a lower rate. [/quote] Tax laws and other laws and loan rules probably create perverse incentives to leave units empty. But the solution is to fix the incentives, not let Manhattan become a retail desert. [/quote]
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