I would say under-regulation, or more to the point, mal-regulation. Unregulated markets inevitably settle into a worst case scenario given time.
In the case of residential property (which is what your link refers to), I agree that some of the regulations there are bad and need to be revised or eliminated. But they have nothing to do with the commercial space falling into squalor.
My observation has been that any streaming package that includes ESPN is automatically well more than 4 times as expensive as any package without it. Perhaps the cable companies should find a way to dump ESPN and pass along the savings to remain viable.
It'll be at least half of that in ten years.
The Zoomers have no interest in cable TV.
> Why not just build the proper infrastructure with what we know works?
I tried to do this locally. The government allows the pole owner (electric or telephone usually) to charge $50/mo/pole to the startup that wishes to hang wires.
The owner pays $5/mo in property taxes to the town.
There are exceptions for large corporations that are in the state's good graces.
It's just to keep competition limited to the cartel.
Short answer: corrupt government.
This was my first thought as well.
Such marketplace confusion!
I think they are holding out to sell the buildings at full price.
Never gonna happen. Full price was before 10 years of decay and rodent infestation + neighborhood gone to shit. Nevertheless, high supply, low demand is supposed to result in low prices.
What a nice idea! But then the commons are not only not commons, but they become properties and whatever herdsman gets the biggest herd will buy it all up and you get a monopoly.
One, how so if the agreement is ownership in common. And two, how is it worse than it all being owned by a (land)lord who rakes in the better part of the profit while considering herding animals to be beneath him?
Sounds like you drank the cool aid.
Sigmund Freud is alleged to have said that in the last analysis the entire field of psychology may reduce to biological electrochemistry.