I hear of "the problem with pool is..." arguments quite often here on azb. Two of those problems mentioned are:
1. Young people would rather do devices than hit balls with sticks.
2. Commercial real estate prices make opening a pool hall prohibitive.
Here are 2 articles that refute both of those trends:
https://www.thedailybeast.com/generation-z-is-already-bored-by-the-internet
and...
https://wolfstreet.com/2018/04/13/a...te-prices-fall-to-lowest-in-nearly-two-years/
Financial survival pressures will bring down the rents for large real estate properties as stores are closing rapidly now. If pool marketers can tap into the "bored" generation and show them the exciting world of pool, future customers and players will increase a bunch.
Whadda ya think, am I crazy or what?
Jeff Livingston
1. Young people would rather do devices than hit balls with sticks.
2. Commercial real estate prices make opening a pool hall prohibitive.
Here are 2 articles that refute both of those trends:
https://www.thedailybeast.com/generation-z-is-already-bored-by-the-internet
...As members of what has been dubbed “Generation Z,” a cohort that spans those born roughly between the years 1998 and 2010, today’s teens and tweens have had unparalleled access to technology. Many have had smartphones since elementary, if not middle school. They’ve grown up with high-speed internet, laptops, and social media.
It’s tempting to think that these devices, with their endless ability to stimulate, offer salvation from the type of mind-numbing boredom that is so core to the teen experience. But humans adapt to the conditions that surround them, and technical advances are no different. What seemed novel to one generation feels passé to the next. To many teens, smartphones and the internet have already lost their appeal....
and...
https://wolfstreet.com/2018/04/13/a...te-prices-fall-to-lowest-in-nearly-two-years/
...Commercial real estate prices collapsed nearly 40% during the Financial Crisis, according to the Green Street Commercial Property Price Index (CPPI). Then prices more than doubled from the low in May 2009 and peaked in September 2017, when the index was 27% above the crazy peak of the prior bubble.
But since September 2017, the index has dropped 1.7%, including a 1% drop in March from February. It is now down 2.1% from March last year and back where it had been in May 2016.
This chart of the CPPI shows the phenomenal eight-year boom that has turned into a decline:
Financial survival pressures will bring down the rents for large real estate properties as stores are closing rapidly now. If pool marketers can tap into the "bored" generation and show them the exciting world of pool, future customers and players will increase a bunch.
Whadda ya think, am I crazy or what?
Jeff Livingston