Monday, June 29, 2009

Inventive Incentives

The economy is so bad these days! How bad is it? Miami is flooded with vacant office buildings. The landlords are desperate and they are slashing prices in hope to get some renters. Offers vary from free rentals for a few months, to reduced rental rates, to shorter and easier lease terms. Many are resorting to inventive gimmicks such as free truck rental for moving as can be seen here. If this lasts, which it may, the owners of these income properties may go bankrupt or face foreclosure just like everyone else. Welcome to the club!

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