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Because the banks and local govt bet a lot on commercial leases. Banks says they are solvent because they have "hard" assets to borrow against. Govts promises
by hash07e 3y ago
Because the banks and local govt bet a lot on commercial leases.
Banks says they are solvent because they have "hard" assets to borrow against.
Govts promises the paradise with future taxes.
Got to the office? Pay toll
Got a coffee? Pay taxes
Consume more petrol/gas for your car? Pay taxes.
More electricity? pay taxes.
You can't expect they let you out so easy right?
- chandler767 3y agoYeah, but why would the startup I work for care about that?
- hash07e 3y agoBecase the fund that invest on your startup does. because the board members have leases nearby. because someone that is invested want you to go there, spend money or create expenses (consume food from cafeteria,etc.) If the student does not go in person to a university how valuable is the commercial lease at the university?
- shyn3 3y agoIts amazing how banks are offering reduced interest rates and more money if you are willing to rent out a building at a loss. If it's happening here, it's happening everywhere.
- ipaddr 3y agoBecause they have no idea of what they are doing. At best they are copying others but most likely they are afraid you will not be working without someone looking over your shoulder. A lot of times they do it as staging theater for investors (look at my team working in a cool hub) others to impressive customers (having an address in a locale is part of branding). No one does it for better ideas. Cheaper to fly everyone for a retreat if that was the case.
- chandler767 3y ago"We don't know what we're doing so we are copying you" - Explains most weird startup behaviors.