3 ms·
If people were buying properties, and leaving them desolate and unused for long periods of time in the hopes of cashing out one day later, then yes absolutely.
by googlryas 4y ago
If people were buying properties, and leaving them desolate and unused for long periods of time in the hopes of cashing out one day later, then yes absolutely.
- splix 4y agoThat's why I mentioned NYC. Because people say it's a problem there, i.e, a lot of properties are just bought and not occupied.
- googlryas 4y agoWhat happens in NYC is actually the opposite of laws that discourage squatting - the tax laws, depreciation schedules, and other financial products like property value estimation actually encourage building owners to pursue unoccupied-ness in many cases.