News for hackers. Stuff that matters.
Re:The Thrill of Losing Money by Investing in a Manhattan Re... by Spooky23 on Saturday September 17, 2016 @08:01PM (#12523185)
If you're in NYC, and you're truly awesome, but have a shitty lease, you'll find yourself with a 5x increase that puts you out of business.

The places that last own the building or have a long lease.

Re:The Thrill of Losing Money by Investing in a Manhattan Re... by kafkaesq on Monday September 19, 2016 @01:45PM (#12533199)
I already acknowledged, in my post above, that of course you shouldn't have a "shitty" lease.

My point is that (along with all the other boxes one should tick in starting a restaurant in a cutthroat market like NYC) -- and in particular if your goal is to run a business that's actually thriving, and not just marginally surviving -- it's not sufficient.