2 ms·
You may not believe it, but the situation is very well documented and certainly a thing that is removing housing stock from cities around the world. Housing ha
by fps 4y ago
You may not believe it, but the situation is very well documented and certainly a thing that is removing housing stock from cities around the world.
Housing has a value as an investment, and leaving the housing unoccupied reduces the cost to maintain the investment. Tenants have a lot of protections in many jurisdictions, and an owner is responsible for maintenance, depreciation and damages, while a tenant cannot be evicted by the landlord who wants to sell a unit without a substantial waiting period, if at all.
https://bostonagentmagazine.com/2018/09/11/study-bostons-new-luxury-towers-largely-sit-empty/ https://bostonagentmagazine.com/2018/09/11/study-bostons-new...
https://nypost.com/2021/08/05/nearly-half-of-luxury-units-empty-in-billionaires-row-buildings/ https://nypost.com/2021/08/05/nearly-half-of-luxury-units-em...
https://www.nytimes.com/2017/07/21/upshot/when-the-empty-apartment-next-door-is-owned-by-an-oligarch.html https://www.nytimes.com/2017/07/21/upshot/when-the-empty-apa...