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Land Owners

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Land Scarcity is important. This is why jewelry stores are sometimes not on the ground floor of some buildings. Often a store like mcdonalds is in a building that may be 5, 10, 30 or 100 stories high or it may be in the basement. They often just lease the spaces. A street level location obviously cost more. This is just simple supply and demand.

After graduating with an associates degree I took a job at a yearly salary of $18,000 15 years ago. I understood it was a starting wage and I make a bit more at the present time. That was around $9-$10 an hour. For that time it was pretty good. There are probably a lot of professionals that might start out at $12 today and build up slowly with experience and further training and responsibility.
 
A one bedroom apartment in a small Midwestern town may cost $400 month. That same 600 sq ft may cost thousands in Manhattan.
 
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