4 ms·
No, in short term people hoarding apartments will be happy to buy whatever amount of new property built. Probably it will hit people 2, 3 apartments, but not on
by baybal2 6y ago
No, in short term people hoarding apartments will be happy to buy whatever amount of new property built. Probably it will hit people 2, 3 apartments, but not ones with 20+ ones.
- TuringNYC 6y agoI'm sorry if i'm not familiar with the situation in Canada -- but the people hoarding apartments, why do they keep them empty? Why not at least try to rent them for a partial recovery of carry cost? Wouldn't it be irrational to keep apartments empty when you could at least rent them for a bit of money. If they rent for a partial recovery, then isn't that good as renters get a good deal?
- deleted 6y ago[deleted]
- baybal2 6y ago> I'm sorry if i'm not familiar with the situation in Canada -- but the people hoarding apartments, why do they keep them empty? Why not at least try to rent them for a partial recovery of carry cost? Because they are too lazy? And look this https://news.ycombinator.com/item?id=26610167 https://news.ycombinator.com/item?id=26610167 Paying people money to avoid the vacancy tax sounds bizarre, beyond idiotic, but somebody does it, and it's there. They will prefer to pay money rather than bothering flying to Canada every month to collect rent, and making sure that renters keep the apartment pristine.
- mandelbrotwurst 6y agoOne reason might be so that you have the option to live in the place yourself on short notice.