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The point of letting a property sit empty is because vacancy is an "expense". EBITDA is imaginary, and the owner can pretend the building's "revenue" is anythin
by onlyrealcuzzo 6y ago
The point of letting a property sit empty is because vacancy is an "expense". EBITDA is imaginary, and the owner can pretend the building's "revenue" is anything. Sure 100% "vacancy" means no actual income and gigantic loses. But, the owner can use the inflated "revenue" to apply for more debt. And the cycle continues.