Malls are dying, I suspect mostly from Mis-management. In their heyday it was the place to be, the high lease rates were justified because they had the traffic. Some of it is the big chain retailers, when I was younger I went to the mall because it was one of the few places I could go and find clothes and shoes that fit and between all the stores I had some selection. Now the stores are all dialed in all have the same inventory and the same sizes because they all "know" what's going to sell, so that's all they stock. So many mall management companies have dealt with the changing retail market in a less than sustainable way. Occupancy rate is 50%? Double the rent so cash flow holds up. Other factors when the malls were set up of course they had depreciation, they depreciated the buildings and grounds, often rather than repairing or maintaining the mall they'd sell it and anything they got above book value was taxed as capital gains, not art a regular income rate so in effect our tax code has also helped kill malls and diminish quality in hotels and office buildings.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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