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Re:Restaurant workers quit at record rate by trophycase on Tuesday July 20, 2021 @08:36PM (#27900959)
Same thing is happening with entire buildings in my city. They'd rather evict their entire set of renters than lower the rent.
Re:Restaurant workers quit at record rate by josephcsible on Tuesday July 20, 2021 @08:39PM (#27900985)
That's a consequence of rent control laws, which limit the percent that you can raise rent by per year. Ever lowering rent in a place with such a law is penny-wise but pound-foolish.
Re:Restaurant workers quit at record rate by rdtwo on Tuesday July 20, 2021 @09:15PM (#27901199)
That’s a financing thing plus if you have an old building it’s probably better to evict everyone so you can build a new one