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itsonlyastrongbuzz t1_j63gb5g wrote

Reply to comment by StinkFloyyd in How do Downtown joints like Sam LaGrassa’s and Archie’s pay the rent only opening for 3 hours 5 days a week? by [deleted]

>Owning property doesn’t mean that you can afford to live / work there without having a viable income.

Eliminating the single largest overhead expense has a huge impact on what “viable” means.

You can survive on a lot less when it’s a family business and the building could be paid for, or at least secured via mortgage.

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StinkFloyyd t1_j63sms7 wrote

Sure. If someone has no mortgage / owns it outright. But assuming the owner of Sam lagrasaa’s isn’t a fool, they wouldn’t operate a money losing business just because they own a building.

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