Comments on: Timmy Elsewhere http://timworstall.com/2008/12/30/timmy-elsewhere-593/ It is all obvious or trivial except... Fri, 25 May 2012 01:39:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DBC Reed http://timworstall.com/2008/12/30/timmy-elsewhere-593/comment-page-1/#comment-25365 DBC Reed Tue, 30 Dec 2008 12:29:15 +0000 http://timworstall.com/?p=5485#comment-25365 As a Henry George diehard,I was disappointed not to see LVT mentioned as a possible tool in the economic toolbag,but one thing never answered by the now quite numerous land taxers is : if the commercial property bubble burst earlier than residential and if commercial rents are falling fast, why are n't entrepreneurs already in there providing services,flogging things? Tim adds: Commerical rents in the UK are really rather constipated. Rent reviews can only ever be upwards. If you sell on a lease then the rent goes with it. Only bankruptcy allows for a rengotiation of the rent downwards. Thus they have to go bankrupt before the rents start to fall.... As a Henry George diehard,I was disappointed not to see LVT mentioned as a possible tool in the economic toolbag,but one thing never answered by the now quite numerous land taxers is : if the commercial property bubble burst earlier than residential and if commercial rents are falling fast, why are n’t entrepreneurs already in there providing services,flogging things?

Tim adds: Commerical rents in the UK are really rather constipated. Rent reviews can only ever be upwards. If you sell on a lease then the rent goes with it. Only bankruptcy allows for a rengotiation of the rent downwards. Thus they have to go bankrupt before the rents start to fall….

]]> By: Vindico http://timworstall.com/2008/12/30/timmy-elsewhere-593/comment-page-1/#comment-25357 Vindico Tue, 30 Dec 2008 11:32:37 +0000 http://timworstall.com/?p=5485#comment-25357 I've got a few ideas if you have the capital! I’ve got a few ideas if you have the capital!

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