March 7, 2015
By Erin Udell
...Jerod Anderson (click here) is remembering a groovy little coffee shop that no longer exists.
"They used to grind their own beans and everything," he said, standing outside The Town Pump and pointing across College Avenue to the coffee shop's former digs — now home to Rocket Fizz candy store.
"They just couldn't make it," he said. "... Mom and pop shops can't afford to be here anymore."
"You just can't be in Old Town anymore unless you've got fat stacks," he said.
Rents are on the rise for Old Town businesses, says Ed Stoner, a local real estate expert and president of the property management company Old Town Square Properties....
Millennials were born from 1983 to the year 2000. They are the ones left out of the job market when the global economic collapse occurred. They have developed a way of looking at their world from the stand point of 'creating' the world they live in and pass on to their children.
There are changes in their world where autonomy defeats dependency that takes on the character of purchasing real estate rather than renting as has been the practice of many since the economic collapse. Kindly recall, this is matching a trend noticed by the Chairwoman of The Fed.
Chairwoman (she is actually referred to as Chairman) Yellen has stated young adults need to stop living with family and get back into the housing market. It looks as though it might happen in communities being pressured to increase rents for commercial and residential properties.
...For a small, independent store that has a limited amount of earning potential, Ben Mozer, owner of the Lyric Cinema Cafe, says he thinks these price hikes might lead to more chains popping up in Old Town — where he's run his little independent movie theater for the past eight years....
We know for a fact the small business sector of the USA is it's backbone economy. That sector recovered quicker and had far less failures than any other sector of the USA economy post 2008. It would be very bad for the USA economy to dissolve it's growing small business sector because Wall Street can purchase property and/or pay the higher rents. We have been here before. That is how the USA found itself at the mercy of Wall Street in the first place and a minimum wage that can't support a single person yet alone a family.
The Millennials want to move into land and buildings they own. They want to maintain their solvency, too. The Obama Administration should seek to provide every opportunity for these young people to move into owning real estate rather than simply be pushed out of neighborhoods because they can't afford the rent anymore.
When rents and purchase prices become too high for Americans to purchase and maintain that is when foreign entities push Americans into settling for a mediocre life lacking promise for the future and their children. These young people need Democrats like Senator Elizabeth Warren to be their champion at every turn of their lives. They are a creative generation that took on the challenge of creating their own lives out of the Wall Street scrapheap of 2008. They need a champion and guardian in the federal government that maintains their financial viability and sovereign right to be Americans on their terms.
They are an important group of voters and they tend to lean on Libertarian values to find their way forward from 2008. But, they haven't been faced with this new monster of corporate takeover before. They just might find their own methods betraying them; as they created popularity as a marketing tool which raised the rents due to their success.
Local governments need to pay attention to any movement of established business and residents out of very profitable areas that were built by the local talent. Those highly profitable areas can be taken over by Wall Street businesses only to repeat the mistakes of 2008.
This is the first time local governments have a partnership with the success of their businesses and they need to continuously nurture the small independent businesses to prevent another hideous dynamic to sink salaries of employees and remove value from land and buildings.
The Millennials have personalized their lives as a success story and they need to be protected. That is the challenge before any government, local or otherwise. If the small business owned their property, when the prices went up because of the success they grew, their equity for future expansions are already guaranteed to them.
By Erin Udell
...Jerod Anderson (click here) is remembering a groovy little coffee shop that no longer exists.
"They used to grind their own beans and everything," he said, standing outside The Town Pump and pointing across College Avenue to the coffee shop's former digs — now home to Rocket Fizz candy store.
"They just couldn't make it," he said. "... Mom and pop shops can't afford to be here anymore."
"You just can't be in Old Town anymore unless you've got fat stacks," he said.
Rents are on the rise for Old Town businesses, says Ed Stoner, a local real estate expert and president of the property management company Old Town Square Properties....
Millennials were born from 1983 to the year 2000. They are the ones left out of the job market when the global economic collapse occurred. They have developed a way of looking at their world from the stand point of 'creating' the world they live in and pass on to their children.
There are changes in their world where autonomy defeats dependency that takes on the character of purchasing real estate rather than renting as has been the practice of many since the economic collapse. Kindly recall, this is matching a trend noticed by the Chairwoman of The Fed.
Chairwoman (she is actually referred to as Chairman) Yellen has stated young adults need to stop living with family and get back into the housing market. It looks as though it might happen in communities being pressured to increase rents for commercial and residential properties.
...For a small, independent store that has a limited amount of earning potential, Ben Mozer, owner of the Lyric Cinema Cafe, says he thinks these price hikes might lead to more chains popping up in Old Town — where he's run his little independent movie theater for the past eight years....
We know for a fact the small business sector of the USA is it's backbone economy. That sector recovered quicker and had far less failures than any other sector of the USA economy post 2008. It would be very bad for the USA economy to dissolve it's growing small business sector because Wall Street can purchase property and/or pay the higher rents. We have been here before. That is how the USA found itself at the mercy of Wall Street in the first place and a minimum wage that can't support a single person yet alone a family.
The Millennials want to move into land and buildings they own. They want to maintain their solvency, too. The Obama Administration should seek to provide every opportunity for these young people to move into owning real estate rather than simply be pushed out of neighborhoods because they can't afford the rent anymore.
When rents and purchase prices become too high for Americans to purchase and maintain that is when foreign entities push Americans into settling for a mediocre life lacking promise for the future and their children. These young people need Democrats like Senator Elizabeth Warren to be their champion at every turn of their lives. They are a creative generation that took on the challenge of creating their own lives out of the Wall Street scrapheap of 2008. They need a champion and guardian in the federal government that maintains their financial viability and sovereign right to be Americans on their terms.
They are an important group of voters and they tend to lean on Libertarian values to find their way forward from 2008. But, they haven't been faced with this new monster of corporate takeover before. They just might find their own methods betraying them; as they created popularity as a marketing tool which raised the rents due to their success.
Local governments need to pay attention to any movement of established business and residents out of very profitable areas that were built by the local talent. Those highly profitable areas can be taken over by Wall Street businesses only to repeat the mistakes of 2008.
This is the first time local governments have a partnership with the success of their businesses and they need to continuously nurture the small independent businesses to prevent another hideous dynamic to sink salaries of employees and remove value from land and buildings.
The Millennials have personalized their lives as a success story and they need to be protected. That is the challenge before any government, local or otherwise. If the small business owned their property, when the prices went up because of the success they grew, their equity for future expansions are already guaranteed to them.
