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A building that would otherwise be subject to rent control or other tenant protections is worth less than the same building that is empty of tenants. By leapin
by hcknwscommenter 8y ago
A building that would otherwise be subject to rent control or other tenant protections is worth less than the same building that is empty of tenants. By leaping after 80K/year you can massively decrease the value of an empty building, or a building that is likely to soon empty, or a building that can be condo converted without Ellis acting anyone.