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| | Author | Messages | |
Cobblestone Guy
Posts:53
 | | 08/25/2007 1:29 PM |
 Alert | | I read that you guys worked with Ramsey when he was behind before. I can't imagine he was easy to deal with. It's too bad that you guys won't get paid the rent that is due to you. Hopefully you guys will get a tenant that does business the right way. Thanks for all the awesome stores you guys house. | | | |
| | #1ColtsFan
Posts:45
| | 08/25/2007 1:42 PM |
Alert | | That was a little harsh. Sometimes people go thru hard times...it doesn't mean hes not doing business the right way. Put youself in his position. What if you lost your job and couldn't make your house payment? | | | |
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| | Threekids
Posts:189
| | 08/25/2007 2:05 PM |
Alert | | or maybe this Scottsdale company shouldnt be trying to do Scottsdale priced business in Maricopa. I dont think they will get anyone in there for a very long time. | |
Member formerly known as
soccerlovinfamily
Member
Posts: 173
Joined: Feb 2007 | |
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| | vinny
Posts:668
| | 08/25/2007 2:24 PM |
Alert | Posted By Threekids on 08/25/2007 2:05 PM
or maybe this Scottsdale company shouldnt be trying to do Scottsdale priced business in Maricopa. I dont think they will get anyone in there for a very long time.
supply and demand? they don't seam to have any empty buildings until ramsey left.
if the prices are so outrageous no one will move in there. but the truth is with so little in maricopa anything will make money, and if the business is making money the land lord will want a cut of it. they didn't build that mall for the fun of it, they built it to make money.
it all comes down to don't get in deeper than you can afford.
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Follow your bliss. Happiness is a conscious decision | |
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| | RAWTAZ
Posts:29
| | 08/25/2007 2:26 PM |
Alert | Posted By Threekids on 08/25/2007 2:05 PM
or maybe this Scottsdale company shouldnt be trying to do Scottsdale priced business in Maricopa. I dont think they will get anyone in there for a very long time.
I agree 100%, Small business' need support, to be successful. This is just the beginning, there will be more issues like this.
If the landowners and landlords think that this community can support 12.00 burgers and 5.00 drinks to pay rent that is 50% to 75% higher than alot of locations in the valley. It won't be my money they get.
I am sure there was over $30,000 of inventory in the building and now it will be lost! over $8,000(?) in rent? Pretty strong handed behavior if you ask me.
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Ride it like you stole it! | |
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| | Threekids
Posts:189
| | 08/25/2007 6:42 PM |
Alert | Posted By vinny on 08/25/2007 2:24 PM Posted By Threekids on 08/25/2007 2:05 PM
or maybe this Scottsdale company shouldnt be trying to do Scottsdale priced business in Maricopa. I dont think they will get anyone in there for a very long time. supply and demand? they don't seam to have any empty buildings until ramsey left. if the prices are so outrageous no one will move in there. but the truth is with so little in maricopa anything will make money, and if the business is making money the land lord will want a cut of it. they didn't build that mall for the fun of it, they built it to make money. it all comes down to don't get in deeper than you can afford.
Right I understand what you are saying but I bet we will start seeing many more in that same strip start to close. It is just the start and with all of the forclosures and people moving things are just going to get worse.
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Member formerly known as
soccerlovinfamily
Member
Posts: 173
Joined: Feb 2007 | |
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|  | cmfitness
Posts:122
| | 08/25/2007 7:14 PM |
Alert | | What did Ramsey owe? How much was Barclay Group charging him every month? I hope Ramsey, himself is okay. | | | |
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| | vinny
Posts:668
| | 08/25/2007 7:37 PM |
Alert | Posted By Threekids on 08/25/2007 6:42 PM Posted By vinny on 08/25/2007 2:24 PM Posted By Threekids on 08/25/2007 2:05 PM
or maybe this Scottsdale company shouldnt be trying to do Scottsdale priced business in Maricopa. I dont think they will get anyone in there for a very long time. supply and demand? they don't seam to have any empty buildings until ramsey left. if the prices are so outrageous no one will move in there. but the truth is with so little in maricopa anything will make money, and if the business is making money the land lord will want a cut of it. they didn't build that mall for the fun of it, they built it to make money. it all comes down to don't get in deeper than you can afford. Right I understand what you are saying but I bet we will start seeing many more in that same strip start to close. It is just the start and with all of the forclosures and people moving things are just going to get worse.
ya, and the mall is charging enough to pay their debt (assuming the thing isn't completely paid off). so if they are charging just enough to pay their bills the entire mall may go into foreclosure.
if they are making a hefty profit they will adjust their prices to meet demand. for all we know a tenant could be waiting to take ramseys for more than ramsey was paying.
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Follow your bliss. Happiness is a conscious decision | |
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| | DesertDweller
Posts:2559
| | 08/25/2007 7:55 PM |
Alert | Part of the problem is that the demographic of Maricopa has changed because of the downturn in the housing market. When there where higher-income homeowners occupying the surrounding homes, there was they kind of disposable income that supports a sit-down restaurant like Ramseys. With renters being a big part of the mix, there isn't that extra money to eat our a couple of times a week. Look in South Phoneix and see how many nice restaurants there are compared to Chandler and Gilbert.
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Stupid should hurt!
Desert Dweller - Senior Member - Posts: 2982 - Joined: Feb 2006 | |
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| | vinny
Posts:668
| | 08/25/2007 8:11 PM |
Alert | Posted By DesertDweller on 08/25/2007 7:55 PM
Part of the problem is that the demographic of Maricopa has changed because of the downturn in the housing market. When there where higher-income homeowners occupying the surrounding homes, there was they kind of disposable income that supports a sit-down restaurant like Ramseys. With renters being a big part of the mix, there isn't that extra money to eat our a couple of times a week. Look in South Phoneix and see how many nice restaurants there are compared to Chandler and Gilbert.
yet more misplaced aggression towards renters.
i'm a renter. I'm an engineer, my soon to be wife is a nurse. we make good money. we rent because we realized the inflated prices in the phoenix market were not sustainable, and knew the housing market would pop. i know many people who are doing the same.
chandler and gilbert are loaded with apartment complexes that are infested with those evil renters. someone should tell all those nice restaurants to run for the hills.
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Follow your bliss. Happiness is a conscious decision | |
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| | DesertDweller
Posts:2559
| | 08/25/2007 8:24 PM |
Alert | Vinny, I didn't mean the renters who, like yourself, rent by choice. Because you rent, especially in this market, you probably have more disposable income than I do. If I were looking for a place in Maricopa today, I wouldn't buy unless I got one heck of a deal and some instant equity.
The point that I am trying to make is that there are a whole lot of homes in Maricopa where the occupants are not making enough to afford to buy the home they live in. In most cases the only reason that they can afford to rent the home is because either the investor is taking a major hit or there is a rent subsidy like Section 8.
There isn't anything wrong with that, however someone making $40 or $50 grand a year with a family of four isn't going to have a lot left over to go out to eat.
The restaurants in Maricopa are depending entirely on the population of Maricopa to survive. People aren't going to travel to eat at Ramsey's or New Yorker. Chandler and Gilbert have a much wider geographic and demographic area to draw from. | |
Stupid should hurt!
Desert Dweller - Senior Member - Posts: 2982 - Joined: Feb 2006 | |
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| | vinny
Posts:668
| | 08/25/2007 8:27 PM |
Alert | Posted By DesertDweller on 08/25/2007 8:24 PM
Vinny, I didn't mean the renters who, like yourself, rent by choice. Because you rent, especially in this market, you probably have more disposable income than I do. If I were looking for a place in Maricopa today, I wouldn't buy unless I got one heck of a deal and some instant equity.
The point that I am trying to make is that there are a whole lot of homes in Maricopa where the occupants are not making enough to afford to buy the home they live in. In most cases the only reason that they can afford to rent the home is because either the investor is taking a major hit or there is a rent subsidy like Section 8.
There isn't anything wrong with that, however someone making $40 or $50 grand a year with a family of four isn't going to have a lot left over to go out to eat.
i don't have kids so i don't know, but with all the family friendliness is see on here, how many people making 70-80k took their kid(s) to a bar atmosphere to eat dinner?
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Follow your bliss. Happiness is a conscious decision | |
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| | bstoneaz
Posts:404
| | 08/25/2007 9:17 PM |
Alert | | I heard from a pretty reliable source Ramsey was paying about $15K/month in rent. I don't know how big his place was, but there's no way it was worth $15K. Supply and demand set aside, this town can't support a business enough who has to pay that much in rent, it has been proven with several restuarants in town that have already closed and I"m sure it is something we will continue to see repeat itself in the future. | |
Just the good ol' boys,
Never meanin' no harm,
Beats all you've ever saw, been in trouble with the law since the day they was born.
Straight'nin' the curve,
Flat'nin' the hills.
Someday the moutain might get 'em, but the law never will.
Makin' their way,
The only way they know how,
That's just a little bit more than the law will allow.
Just good ol' boys,
Wouldn't change if they could,
Fightin' the system like a true modern day Robin Hood. | |
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| | Nothingtodo
Posts:285
| | 08/25/2007 9:44 PM |
Alert | Posted By vinny on 08/25/2007 8:27 PM
i don't have kids so i don't know, but with all the family friendliness is see on here, how many people making 70-80k took their kid(s) to a bar atmosphere to eat dinner?
I took my kids to eat there. It isn't a bar atmosphere in the whole restaurant, only in the........(drumroll, please)
bar.
Ramsey's was a terrific place. My boys used to hold their collective breath waiting to hear Ramsey make a mistake on a name at all the tables he used to stop to say hello at. He never did and it made them crazy. They never understood how he could remember everyone's name. | |
I loathe people who keep dogs. They are cowards who haven’t got the guts to bite people themselves. ~Sir Geoffrey Streatfield | |
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| | frogmom36
Posts:11
| | 08/25/2007 10:04 PM |
Alert | thats a fact these bussiness are trying to do scottsdale prices and there are not enough people to support the price increase. i wanted to strt a business out in this area and then reality hit the developers are over pricing and business just cant afford to stay open the landlords are raising rent and other overhead costs that many business were not read to deal with. i hope the landloards loose. | | | |
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| | Pepperdog
Posts:229
| | 08/25/2007 11:11 PM |
Alert | That's a pretty steep rent (if true) for what was a cotton farm 3 years ago.
Less rent is better than no rent. I would imagine that , being the anchor, Fry's gets rent pretty cheap in comparison.
Having a Walmart will increase the pressure to lower the rents. Again some rent income is better than no rent income. | |
Anyone who advocates a "one" world government, a "one" social order, or a "one" enviroment is a communist trying to take away your freedoms. Nature celebrates diversity! | |
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| | LVMADONNA
Posts:399
| | 08/25/2007 11:36 PM |
Alert | | Thank you NTD,,,,,for that "bar atmosphere" reply. It was a restaurant but We also liked to sit in the bar area, with the big screen and video juke box when we took the kids to eat, there were other families there and during the day it is really laid back and my daughter loved how "man everyone knows you guys" when we went there. It helped her like moving here from San Diego, where she lived for her 1st 12 years, made her appreciate the small town feel. | |
LVMADONNA
Senior Member
Posts: 1974
Joined: Jan 2006 | |
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