Bruce Lane wrote:
> Thank you for sharing your opinion. I still find it hard to believe
> that some sort of deal could not have been worked out.
>
> The ONLY reason prices and rents are skyrocketing as they
> are is because of the odd and abstract idea that they should.
> People create inflation, not the other way around.
No, the reason that rents in the south bay are skyrocketing is simple
supply and demand. There's simply not enough space. It's an
interesting reversal from not all that long ago, when there was a
glut of space in the south bay. Also unlike the past, there's not
much dirt left for development.
As for "working somthing out", consider that landlords in the south
bay are now routinely demanding -- and getting -- options on the
companies to which they lease.
This isn't to say that I like the situation, but it's not as if
I could reasonable expect a property owner to maintain his rents
below market value.
--
Chris Kennedy
chris_at_mainecoon.com
http://www.mainecoon.com
PGP fingerprint: 4E99 10B6 7253 B048 6685 6CBC 55E1 20A3 108D AB97
Received on Sat May 27 2000 - 13:48:10 BST