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Time to stand up for small business

September 22, 2013

DEAR EDITOR: There is a plague that is sweeping across my hometown. It isn’t something that is unique to Niles, but it affects everyone in some way or another. The symptoms are easy to notice....

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(12)

Daniel

Sep-22-13 6:41 AM

This explains why a 900 sq. store in champion was trying to rent for $1,800 /month. Naturally When I inquired about it I told him he was smoking crack.

5 Agrees | 3 Disagrees | Report Abuse »

Mrsaccounting

Sep-22-13 7:30 AM

It is also greed more than anything!

7 Agrees | 1 Disagrees | Report Abuse »

CFECPA

Sep-22-13 11:25 AM

Creating a tax loss for an empty building to shelter other taxable income is nothing more than beancounter smoke and mirrors and is the route of what is wrong in this country. Whoever thinks this is a great idea is dumber than a moron.

6 Agrees | 1 Disagrees | Report Abuse »

jtoday

Sep-22-13 2:51 PM

Tax reform, now.

7 Agrees | 1 Disagrees | Report Abuse »

marine12

Sep-22-13 3:12 PM

Isn't it a small business that owns these same buildings?

3 Agrees | 3 Disagrees | Report Abuse »

Mialia

Sep-22-13 4:53 PM

I own several commercial buildings and I totally disagree with this editorial. I still owe mortgages on these properties. What kind of tax right off do I get if no income is coming in to pay the mortgages? None. Instead, if I don't find tenants, I risk going into foreclosure. That is the last thing on my mind. The comment about a 900 square foot retail space costing $1800/month. That's $2.00/sq foot. That's dirt cheap. The landlords have taxes, insurance, building upkeep & mortgages to pay. I purchased a lot when the real estate market was booming a few years back. In the last few years everything has taken a hit value wise. I can assure you, that I try to rent all my properties and retain my tenants. My real estate investments are my retirement fund. Empty buildings=empty wallets for the landlords as well not a tax write off. I've worked too hard to maintain my credit score to file bankruptcy.

4 Agrees | 6 Disagrees | Report Abuse »

ElusiveMan

Sep-22-13 7:32 PM

Mialia, Someone rents that store to make a living also. Maybe a shoe store with that size. How many shoes would they need to sell just to break even? Renting is stupid. Far cheaper and smarter to buy or build your own.

5 Agrees | 1 Disagrees | Report Abuse »

Billdog

Sep-23-13 4:26 PM

$200sqft isn't cheap at $1,800/month. I'm sure your payment, insurance and tax are NOWHERE near $21,600/year, unless your next to the mall. If that was a good deal not many houses would sell.

1 Agrees | 1 Disagrees | Report Abuse »

truthmonger

Sep-23-13 5:06 PM

Can't compete with Walmart.

1 Agrees | 1 Disagrees | Report Abuse »

liemonger

Sep-23-13 6:20 PM

"Can't compete with Walmart. "

Posted by a socialist that blames everyone else for her pathetic position in life.

WELL, GET OVER IT.

It's your fault.

EVERYTHING in your pathetic life is your fault and NO ONE else is to blame.

1 Agrees | 1 Disagrees | Report Abuse »

coaldigger

Sep-23-13 9:39 PM

@JOHNWAYNE: (MARION MORRISON) Looks like the Duke duped these experts..

and I was under the impression that you died from cancer DUKE. Glad to see you made it back from the hereafter. How was it over there?

0 Agrees | 0 Disagrees | Report Abuse »

tchene

Sep-24-13 10:32 AM

"These tax breaks are for buildings that are available for rent but remain unrented. This allows the property owners to demand high rates for empty properties." Not true ... Tax deductions aren't tax credits. Empty properties are money losers. No property owner wants that.

1 Agrees | 0 Disagrees | Report Abuse »

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