LA Magazine on Covid SoCal: “It’s an extinction event for your little neighborhood bistro,” … “but a huge opportunity for the wealthy.”
Bistros all over America are dead or soon will be. The owners of which are often people hustling hard just to pay the bills. That economic avenue now has caution tape stretched across it.
But for some, those with assets, there may be opportunities, if small retail businesses can be repurposed. (But we may just end up with a bunch of empty buildings.)
(From LA Magazine)
“Mom-and-pop landlords are weeks from liquidation, and the real estate investment trusts are looking over their shoulder, licking their chops, ready to buy property knowing prices will never be this low again. It’s an extinction event for your little neighborhood bistro but a huge business opportunity for the wealthy to come in and clean up.”
