veronicablood
9968
471
2
The naked greed is disgusting.
Dec 18, 2025 8:28 PM
veronicablood
9968
471
2
The naked greed is disgusting.
Swinesight
Maybe more landlords should do this this to the pedo footlong dispenser
DownUpUpDown
Where I live $60 a foot is a great price for business rent. No clue how they kept it $20 that long. Then again, I've been to Durham and would never go back.
Sorrontis
:(
SploogeMcDuck316
this is a reason some famous places like Santa Monica Promenade (out door mall in LA) is a ghost town and Little Tokyo is goin to be all starbuckses. Greedy landlords literally doubling or more rent.
dextarrogue
I've tried to not raise rent but I might have to soon. My expenses keep going up, my taxes have gone up over 50% and my insurance up 100%. I know people hate on landlords but some of us are just normal people trying to afford to live too.
MotoCanuck
Subway franchises are a scam. I applaud them for finding success in such a difficult industry. I hope the landlord get's a prolapsed anus.
PsychBerg
I used to live off 9th and the whole neighborhood was great back in the day
Filanwizard
Eventually nobody will afford rent and the police will be chasing vans from parking lot to parking lot of empty buildings with no tenants.
ZorroMcChuckNorris
Across from Cosmic Cantina? Wild.
veronicablood
Yes. Across from the new Opium Den in the Couch Building.
Argusdubbs
This happened to a Pieology near my work that i used to go to, landlord raised the rent right after the pandemic and the store had to close. 4 years later that building is STILL unoccupied - landlord has not yet been able to find a replacement tenant and every time i drive by it I'm filled with satisfaction. You stole a good pizza place from us now you get to earn nothing. Could've left the rent alone and been collecting this whole time. Greedy dumbass
an0therthr0waway
why did they only say "Our landlord"? NAME AND SHAME. I also hope they put that sign up with epoxy resin or similarly strong glue.
pandajack
If you double market rent and get a new tenant, it wasn't market rent.
mjrosenb
Ok, but subway is one of the worst places to eat at.
pr3viso
Private investment firms, which own a ton of real estate, are losing billions. The rent raise is to recoup
Jamnew60
The culture of selfishness strikes again.
pandajack
Our entire system is built around this. We teach it in business schools. The landlord is doing what we told him to do. It didn't "strike", it's baked into the system.
KAPTKipper
Those poor people can not get their cake bread sandwiches
pelon77Cleveland
Same thing happened to Karen Smalls here in Cleveland. Right after she spent a mint remodeling her restaurant.
Bizarkly
On the plus side, where's the landlord going to come up with *his* mortgage payment now?
JinxRocks
Not sure which location this is, but... i wouldn't be surprised if its to push people out. Lot of that going on in the state.
IgnisInvictus
Whoa. That is a huge hike. Makes me wonder if they were trying to chase the subway out.
Sucks.
sheslikeheroin
Happened to soem friends 9f mine in TO. Theyre building was bought and resold by several investors over the last lease. When renewal came the best off they got was a 50% hike withba compounding 40% per year hike. They were gonna end up paying like 60 to 70k per year by year 5 if they stayed. Alot of building are empty cause thwy're hoping someone huge like amazon or walmart will swoop in to make a warehouse out of their properties.
acuteavocado7
i mean, have you eaten at subway lately?
Randomman96
Lately? You mean ever?
Plus you can also factor in them as a company.
DdCno1
Or ever. Just as disgusting as every other fast food chain.
Sidewaysgts
I have? Is there something wrong with subway? It’s one of the last few “value” places readily available. I can get 2 foot long subs for like 12 bucks. Is it the best sandwich I’ve ever had? Course not. But it ain’t bad by any means - especially when you consider each sub is 6~ bucks.
MrTeabearparty
I prefer my sub to taste like actual food.
Sidewaysgts
Tastes like food to me?
ThanosDei
I dont like a wet bread
NZSheeps
Yes .... "bread" ....
Rubyrose99
Dang it, you beat me to adding the quotations
pixelsnader
alcaray
What they put on the bread is controlled by you.
Badprenup
Exactly. I may have some negative feelings about the quality of specific ingredients they have available, but I'm not going to bitch about the stuff that's on my sandwich because *I'm* the one who chose it.
ThanosDei
They leave the bread steaming in the warmer until it comes out looking like Brad Pitt in the basement of Fight Club.
StopCallingMeIAmNotYourBrother
This is why two of the companies that I worked for had to close, there is no reason to triple the rent from the previous lease, especially when one of those locations remained empty for ten years after.
FussyZeus
Where's your fucking sympathy!? That landlord is living check to check, he has bills he needs other people to pay!
UristImiknorris
Then he shouldn't have made a business move that'd leave the property empty for a decade. It's his own fault, really.
FussyZeus
I know, I was joking. I should've /s'd that one in hindsight lol
Nephytis
They just wanted them out. Probably be torn down and sold into an interstate connection or some bullshit.
veronicablood
"There’s no point in acting surprised about it. All the planning charts and demolition orders have been on display at your local planning department in Alpha Centauri for 50 of your Earth years"
erinaceus
redevelopment.
swedeonamoose
Reminds me of the mall i used to live close to, rents were hiked so often that in the end the only stores left was a grocery store chain, a pharmacy and an optician
Dolenmorgul
This has always been the way capitalism works, raise prices as high as possible and pay employees as little as possible to the point it fails and then ease off a little and that's the line where you wanna be and then repeat this process every few years or so.
Roqinn
My apartment rent went up $100/month. This will be the last year living there as I can't afford higher rent. No idea where to go next year as all apartments are that high now. I'm just hoping for another housing bubble to pop so I can get one.
azazyel
My guess is they're going to put up an apartment building. It's been happening all over where I live, no idea who's actually living in them
DLoSer
The thing is, putting up more high density housing, even if "luxury", isn't a bad thing.
gobblinal
Yes it is. Who buys that? Sure as fuck isn't the people who can't afford to buy now.
DLoSer
It's called supply and demand. The more housing that is available, the better for tenants.
Even if the new apartments are high end and expensive, someone will rent them, and wherever they are leaving will become available, and that place may be more affordable.
More housing is always better. Don't get me wrong, what this landlord did is scummy, but new apartments are infinitely better for society than another goddamn Subway
veronicablood
it's just a few yards away from Duke University.
BenHobson
So investment housing is possible. If you are near a university you can get away with selling super tiny condo's at high prices. Obviously students are not buying them. These exist for investment purposes only.
spangolio
isn't there some kind of tax deduction they can claim for lost rent when nobody rents at this made-up bullsit price?
ChazzK
SHUT, UP, stop giving them IDEAS!
alcaray
Likely they want to tear it down and build condominiums or something.
Audasity
probably this. the shopping center land value has gone up considerably and this is an easy way to get tenants to move out.
KommanderKayriel
Don't know. I only landlord/rent out the house grandpa got from his friend who passed away. All those shady bullshit tricks are beyond me.
MendoncycleSmith
Yep, right there with ya. I rent out the upper floor of my small business, two young adults, great folks, I take care of them, they take care of my 1850's building, so nicely, it's a great relationship. I don't get this whole landlords are assholes thing either, it's not that hard to be a decent human being...
Silver420Surfer
I read something about all the property owner has to do is "appear" to be trying to rent the space, to get a tax break. Like a "For Rent" sign in the window, even if they are not actively listing it with a realtor. I tired to find the article I read but unfortunately cannot locate it.
Goatfer
Deductible expenses may include: Mortgage interest, Property taxes. Repairs and maintenance ,Depreciation, Advertising and marketing costs, Utilities and operating expenses, Professional fees, Business travel expenses related to property management or showings.
TripleDane
Just going to point out that a tax deduction is still not something preferred over not making Income saving 5 dollars out of 10 dollars in taxes on 20 dollars incomes is not a great as paying 50 dollars in taxes on 100 dollars income.
This case in OP is most likely just about trying to squeeze out everyone and re-rent at a hire price since people have nobody else to go when everything is privatized and everybody are increasing prices
spangolio
if it's made-up numbers, then landlord can say he's losing 50, and deduct that from all the 5 and 10 taxes he's paying on a bunch of smaller actual incomes. or, that's my question. seeing as rich capitalists write all the laws, this sort of scamming seems likely.
TripleDane
That is not how it works. You tax deductions are based on cost so they can substract mortgage interest etc. but that does not cover for the lost rent (if it did they would not be profitable to rent)
onlyhalfghost
the tax code isn't quite so fucked up as to allow you to claim profit you wanted to but didn't make as a loss just yet. They'll get there.
coastercrazypics
No, they just don't receive income. There isn't a deduction for loss of rent. It's not a thing.
Tenugui
No. But if you rent out a property at below fair market value that's considered a gift to the renter and you owe taxes on the difference as well as the actual rental income.
gobblinal
Since when do gift givers PAY taxes? I receive reduced rates on stuff at work and I have to PAY the "taxable benefit". Give shit to charities is a tax WRITEOFF. Something's fucky in your tax laws.
Tenugui
Every gift is taxable. But most of us never get close to the exemption amount. Charity giving is a special reverse card, but current IRS rules from Trump's last abortion render most small charity giving meaningless for tax purposes. The gift tax rules are mainly to prevent rich people and corporations from using gifts as tax avoidance. https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
grundlelover
I mean they don’t have to pay revenue tax since they won’t be making revenue. I’m sure they’d rather be making revenue however
Bananananananannananana
I think they mean the landlord
TripleDane
They ARE talking about the landlord
AnythingMuchShorter
That's why smaller companies instead of one mega company owning all of the real estate would be better. See they have lots and lots of properties. They can set the rent super high on one and claim it as a big loss to offset the taxes for the other ones. A small renter with like 4 business spaces would never do that, you're right about that.
sv1rr
Subway is the poor persons franchise.
CarlBassett
I do wonder why anyone takes out a Subway franchise. It's not rocket science. You need a couple of fridges, a baker to supply bread, a chopping board and some knives. If you have a decent location you will get customers no matter what name is above the door, and you can run it the way you want and not have to pay huge franchise fees to Subway.
ThaEnder
Maybe if $5 footlongs were still a thing.
alcaray
Still costs 30% less than Jersey Mike's, for instance.
Blunderwriter
Rent control - but that's communist!
Rent's too damn high! Capitalist pigs!
No one wins...except the capitalist pigs.
veronicablood
The Haves will not tolerate the filthy Havenots inhabiting their Privileged Paradise. "Subway" is food for poors. Whatever comes here at 60 /sqft will NOT be an option for poors.
Blunderwriter
Dunkin' Donuts? :-P
Subway's are usually so small that not much else goes in there, at least around here anyway. Maybe some expensive coffee place...but how would that make any money...be nice if it sat empty for 5 yrs...ha! Take that arsecrack!