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The problem is when rich investors buy properties to hold, but don't actually rent them out to people. This in turn reduces the number of apartments available t
by kentosi 8y ago
The problem is when rich investors buy properties to hold, but don't actually rent them out to people. This in turn reduces the number of apartments available to the people that need them, and just drives prices artificially upwards.
- bradknowles 8y agoAnd the property tax doesn't cover the costs to the society when the property owner doesn't participate in the society.