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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (817)3/12/2014 12:57:24 PM
From: Kirk ©1 Recommendation

Recommended By
Blasher

  Read Replies (2) | Respond to of 26587
 
I agree. We are already seeing the little guys priced out of the Bay Area and so costs are soaring. Breakfasts at diners in SF can easily run $40 for two. I read the America's Cup competitors commented that there were no fast food restaurants in SF for them to get a snack if they wanted to indulge from the very healthy meals their cooks prepared. Well, with the high min wage and costs for land, I doubt many can operate at a profit.
What pisses me off a lot is many small business here in the SF Peninsula are going under as their rent/lease goes up and they can't afford it... then the owners knock down the small, easy to get to building, and replace it with multi story condos and apartments where there are no jobs on the land but high profits for the builders and owners plus massive property taxes for the city governments to spend on pensions and salaries. The PEOPLE who live near this conversion see a huge drop in quality of life as we have gridlock most of the time from all the traffic, no views of the Mountains in Mountain View AND as you point out, less choice to go to small, price competitive shops in favor of the giants who raise prices.



To: robert b furman who wrote (817)3/12/2014 2:43:50 PM
From: CrashDavis1 Recommendation

Recommended By
GROUND ZERO™

  Respond to of 26587
 
Nice rant

"The little guy goes away and the better capitalized businesses end up with a bigger piece of the total pie."



The line above is the fundamental reason that I always cite when friends ask me why the stocks market is so strong when the overall economy is blah. Less competition to the big guys that can lobby in DC means larger profits, but doesn't mean more jobs.