3 ms·

Renting out something is a lot of work managing things. Much easier to keep it empty.

• throwaway29319 8y ago
  Not only that, but every empty apartment contributes to pushing up the prices by being empty. Then, when the prices hit peak value in a decade or two the investors might sell and keeping the apartment empty was more effective than renting it.
  • iguy 8y ago
    But you can have an agency manage it for you, for about 10-15%, in any city. Keeping it empty long-term means leaving on the table an amount of money comparable to the mortgage. You could fill it and buy another one! If they both appreciate, all the better.
    • maxxxxx 8y ago
      Aren't a lot of these real estate investments about safely parking money and not about chasing profit?