Well, we used to have 2 within a quarter of a mile, we are down to one now. Guess our property values are in free fall.
Let me be the first to say that correlation is not causation.
This is utter BS. The schools drive the housing market more than anything.
Perhaps an outlet such as Starbucks or Whole Foods, is a surrogate indicator that the area is an upscale area.
And this perception affects how people decide where to live, and other businesses where to locate.
Hogwash. If this is true why are they shutting down? The writer has it backwards. The neighborhood made Starbucks not the other way around. Maybe if their coffee didn’t taste like someone put a cigarette out in it, they would be doing better.
I suspect there could be interesting demographics involved.
So you really want to live in a neighborhood full of CA refugees bringing their leftist values and excessively inflating property taxes?
A broad generality, but.....
I look at the prevalence of yoga studios myself.
...worse for the housing market...
I figured most Starbucks workers lived in their mom’s basement.
Starbucks must be an addiction. We moved from Seattle to rural Kentucky 14 years ago. We don’t have any Starbucks near us and don’t miss it at all. In fact, almost all the coffee I drink comes from Kirkland brand Keurig cups.
Except when we travel. Then it’s usually the coffee at Loves or Pilot. And their coffee is Amazing - if you know what you’re doing.
Buying your daily coffee drink at Starbucks is like buying your daily lunch at Ruth’s Chris. Unless you’re independently wealthy, it’s just stupid.
I live on an island. No Starbucks, no McDonald’s, one gas station, one grocery store. Not worried about home values.
This has impacted me directly and still does. There were only two Starbucks locations that closed in my region but those were the only two I frequented - almost daily — and unlike the other locations, had NICE staff and NO drive-thru.
The first one I understood did not get a lot of foot traffic, but the second one was in a super busy part of town with few coffee options and was always crowded.
Don’t care for the remaining locations, nor the hipstery mom & pop cafes either — many of which don’t even open until 8 or so. I loved that my Starbucks opened at crack of dawn.
😔 First world problems but still. And the employees only got 48 hours notice. Can already tell I don’t care for the CEO. He represents the reason Gen Z has gone socialist.
the REAL correlation is that starbucks is probably closing locations in lower-income areas they never should have opened in the first place ...
People have to Mortgage their house to buy a Starbucks coffee ?
We have 3 Starbuckses in our little Northern Commiefornia town and no Chik-fil-As. 'Sup with that?
No. You shouldn’t pay $6 for a cup of coffee. Even in 2025.
Affluence = to lazy or competent enough brew your own and shell out over $5.00 dollars for a cup of coffee.
I have three a mile away each direction.
There are too many.
“Hey! This is a nice neighborhood. They pay ridiculous prices for mediocre coffee.”
I see it differently.
Starbucks and Whole Foods, are inflationary, causing property values to rise, making homes unaffordable to the less affluent.
So, as Starbucks and Whole Foods close stores, the corresponding neighborhoods become more affordable.
But, which came first? The Starbucks or the affluent neighborhoods?
I see Starbucks as making neighborhoods less attractive, with those being all over the place. Take those eyesores away, and the neighborhoods become more attractive.
BTW, I like coffee, but not Starbucks coffee. I prefer McDonald’s coffee, which is cheaper and better.
Chicken and egg...
You are a young couple looking to buy a new home.
Neighborhood A has a check cashing store, a marijuana dispensary, and a Dollar General within walking distance.
Neighborhood B has a Bank of America branch, a Starbucks, and a Whole Foods.
Which neighborhood has the higher priced homes?
Which do you think the young couple would prefer?
I do economic development for my city. It is always a juggling act, trying to get home developers AND support/quality of life businesses like supermarkets, banks, restaurants, etc., to move in AT THE SAME TIME. The housing people don’t trust the commercial developers and vice versa. Don’t even get me started on attracting new industry.