Surging Rents Force Booksellers From Manhattan

The link below is concerning (and bad news for someone like me, who loves books), but there is a property bubble in several countries and cities across the world, which is affecting businesses, especially small businesses, and this often includes independent bookstores. Unsurprisingly, most leaders and politicians who have the power to change things don’t seem to mind, and are often found citing that if the government intervenes too much (i.e. build a lot more properties to control the prices), it could cause property prices to crash and lead to inflation. I disagree, primarily because whichever way there’s only so far that property prices will rise, and a burst in the ‘bubble’ is inevitable. It would be better to control the rise of property prices by intervening to maintain them at an acceptable level that does not discriminate against small businesses, than leaving it all to the market (and we all know what can happen when important things are left to the ‘market’), leaving it all to chance.

Surging Rents Force Booksellers From Manhattan


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