Two genuine estate experts claim Starbucks is responsible for driving up the cost of homes near its stores – but evidence indicates it’s the other way aroundLast year,the Williamsburg neighborhood of Brooklyn got its first two Starbucks – the first in July, and the second four months later. While across the river in Manhattan no one would blink an eye at yet another Starbucks popping up, and in trendy Williamsburg the reactions were mixed. Some residents were miffed – who needs Starbucks when they have a dozen boutique coffee shops around the corner? Others were thrilled,hoping it was a sign of things to arrive.
One of those things: higher genuine estate prices.
Continue reading...
Source: theguardian.com