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> They just rent it out. This is not the case in some prominent housing markets (London & NYC come to mind). There are owners who purchase the properties as a
by runako 5y ago
> They just rent it out.
This is not the case in some prominent housing markets (London & NYC come to mind). There are owners who purchase the properties as a way to store wealth in the US. These dwellings frequently sit empty most of the time.
- peterburkimsher 5y agoThe Dutch had a great system where buildings that had been empty for over a year could be squatted. https://en.wikipedia.org/wiki/Squatting_in_the_Netherlands https://en.wikipedia.org/wiki/Squatting_in_the_Netherlands I learned about it after a trip to OT301 with some friends from the CouchSurfing meetup in Amsterdam in 2013. Apparently the law has changed though, and now people are being criminally charged for squatting empty buildings.
- renewiltord 5y agoIn California, you can gain possession through adverse possession with about 5 years if lucky. That is, squatters rights exist in theory.
- maccolgan 5y agoWhy yes let's just violate property rights to fix a social problem