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>empty Chinese investment properties It's like this all over North America. Not just the west coast. I lived in a chinese-built condominium in Toronto a few y
by GigabyteCoin 10y ago
>empty Chinese investment properties
It's like this all over North America. Not just the west coast.
I lived in a chinese-built condominium in Toronto a few years ago, and the rumor was that 50% or more of the building's units were owned by absentee landlords.
Which made sense, because almost the entire building was seemingly vacant.
Hardly any lights on at night. No furniture on most of the balconies. Never had to wait for an elevator (at 30+ floors, that is strange). Always ample visitor parking spots when there was only 15 of them shared between ~300 units. And I knew most of the neighbors on my floor, would see them come and go regularly, but there were always a few apartments that just never made any noise.
- bashinator 10y agoWhy aren't more people squatting in these? My understanding is that if you can maintain "tenancy" for 30-60 days(?) you gain all sorts of rights.
- imaginenore 10y agoStartup idea: Squattr
- GigabyteCoin 10y agoI suppose because there are security guards and cameras in these buildings and that nobody is able to knock on every door for months on end to determine which apartment is vacant and which one is not. Especially difficult for someone who fits the profile of needing a permanent residence.