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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 inves
by 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 agoBut 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 agoAren't a lot of these real estate investments about safely parking money and not about chasing profit?