3 ms·
10% of real estate being held by the top 0.01%. First I doubt the veracity of such claims. Second, yes, you are right, there are real estate tycoons ownin
by mafribe 10y ago
10% of real estate being
held by the top 0.01%.
First I doubt the veracity of such claims.
Second, yes, you are right, there are real estate tycoons owning a lot of property, but they typically make their money by renting and selling dwellings, not by leaving them empty. For example which of the world's richest real estate tycoons in the list [1] is leaving substantial numbers of their property empty? My conjecture is: nobody.
[1] https://www.forbes.com/sites/erincarlyle/2016/03/14/the-20-richest-real-estate-barons-in-the-world-2016/#7220bd636540 https://www.forbes.com/sites/erincarlyle/2016/03/14/the-20-r...