Im in Australia. People are dumping businesses (i.e getting out before going broke) in droves. A lot of people signed up for incredibly stupid leases during covid, because people were spending big (no holidays, so they spent everything on food and shopping). Now those high-interest loands and overprices rents are killing them. About double the businesses for sale as a month ago. It's going to be bad.
Im in Australia. People are dumping businesses (i.e getting out before going broke) in droves. A lot of people signed up for incredibly stupid leases during covid, because people were spending big (no holidays, so they spent everything on food and shopping). Now those high-interest loands and overprices rents are killing them. About double the businesses for sale as a month ago. It's going to be bad.
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