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Where I live there are empty houses. Very few locals can buy $1m+ homes and be so lazy to even bother renting them out. I looked up ownership of some I noticed
by thevagrant 5y ago
Where I live there are empty houses. Very few locals can buy $1m+ homes and be so lazy to even bother renting them out.
I looked up ownership of some I noticed empty for a long long time and the owners appear to be a string of shell companies.
- vkou 5y agoThey may be a factor driving the prices up, but the locals being able to keep up through borrowing is why the prices stick.