5 ms·
> So.. sell or lower your rent? Say you're already charging the lowest rent that makes economic sense (i.e. at cost) and you still can't get tenants? What then
by nybble41 4y ago
> So.. sell or lower your rent?
Say you're already charging the lowest rent that makes economic sense (i.e. at cost) and you still can't get tenants? What then? It's not like anyone is going to want to buy the place from you under those conditions. Your best bet would probably be to tear the place down in hopes that without an actual inhabitable residence on the property it will no longer qualify as vacant for tax purposes. Perhaps even get the land rezoned from residential to commercial. This certainly won't do anything to improve the availability of housing when demand eventually picks back up, but then that's an entirely predictable outcome of attacking "speculation".
- deleted 4y ago[deleted]