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That's actually really interesting to me! Here in Switzerland (once again, sorry for being generally mixed up with Sweden), most buildings are owned by investm
by ThePadawan 7y ago
That's actually really interesting to me!
Here in Switzerland (once again, sorry for being generally mixed up with Sweden), most buildings are owned by investment funds, life insurance companies, banks, etc..
So the exact opposite of what you describe happens - to maximize profits at close to zero risk. Cities are having a really hard time keeping a lid on companies that restructure whole buildings to use as short-time rentals.
- alkonaut 7y agoI’m only talking about buildings that are owned by the tenant now, not flats for rent. Rented flats are usually too hard to come by to make a business of subletting them.