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There's also the upkeep and management costs of being a landlord. If you're a foreign investor, you have no interest in that. So you can either outsource it t

There's also the upkeep and management costs of being a landlord. If you're a foreign investor, you have no interest in that. So you can either outsource it to a third party, deeply cutting into your rental revenue (and also being on the hook for any repairs required)... Or you just sit and hold it. Maybe send in a cleaning and maintenance crew every once in a while to keep the dust at bay. Much less headache than renting.

mercer 9y ago
On top of that there's some pretty stringent protection of renters which can cause major headaches down the road. Personally I'm inclined to be in favor of these protections, but I can also understand a wealthy investor wanting to take the hit of leaving the place empty to avoid these kinds of troubles.