One of fatal flaws made by Starbucks, which plans to close 600 stores around the country, was opening stores in up and coming neighborhoods in anticipation of population growth and more traffic. But then the housing crisis hit. "The Starbucks brand and the demographic that it attracts is so revered that to have a Starbucks store in a neighborhood, means area homes prices go up in value. So, with 600 Starbucks stores closing in the next year, homeowners can only hope and pray that their area Starbucks won’t be among the 600." [Zillow]
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