Sunday, August 31, 2008

This Looks a Little Like Third Street Geneva


In our area one of the prime shopping streets is Third in Geneva IL.

Very classy.

Now kinda empty.

Like this cartoon. Peggy and I took a long stroll up and down the street and noted the many stores standing empty or closed.

This is worse if you go to the largest indoor shopping mall in our area. Half (no exaggeration) of the stores in the mall are empty.

We went nuts during the early part of this decade in this country and in particular in this area with retail. Selling stuff to people who didn't need stuff made by people in china at less and less margin until the stores trying to live on nothing, died.

Maybe we can stop coming up with ways to take in each other's laundry and start enterprises that in fact have some net addition to the bottom line.

I don't know what all the empty retail space will end up as. I suspect there are some seriously underwater landlords wondering that themselves. It's not coming back any time soon folks.

Time to rethink the whole deal.

3 comments:

tandoctorantelorforus said...

Mr. G, here is something that i find just as disturbing. On a Saturday morning, take a train to Chicago. When you get off the train walk around the city and see how many pan-handlers and beggars there are in the city. The nation has no problem spending millions upon millions of dollars for space travel, but we can't truly help the poor of the city. There is no way for half of them to identify themselves in order to get a real job. That is something that i was wondering what other people thought about.

Gene said...

I believe much of what is done in the name of helping the poor, even giving money to panhandlers is done to make the giver feel good and not to help the poor. In many cases it sanctions a lifestyle that should be readjusted. We must be wise in doing good.

I would point you toward a teaching we taught back a few months ago and commend it to your consideration.

Helping the Poor.

tandoctorantelorforus said...

while in certain aspects i agree that it makes the "helper" fell good but in some it lets the beggar know that someone still cares. The government has left these people on their own. on the streets but has no problem helping banks that are failing.