4 ms·
I don’t understand why someone would hold a vacant apartment. Why give up on the substantial rental income?
by pharmakom 3y ago
I don’t understand why someone would hold a vacant apartment. Why give up on the substantial rental income?
- morsch 3y agoI know a house, privately owned, that's been vacant for six years or more. Nice place, good neighborhood. The current owner lives far away, is well off, so well off that they don't care that they're paying money for maintenance (including heating) and getting no return.
- ttymck 3y agoAppreciation might be more than enough return for them.
- 5555624 3y agoThe house next door to me has been vacant for about five years. (It was rented when I moved in.) The owner, who has several houses in the area, comes by a couple of times a week and picks up trash; but, that's it. It's paid for and he could sell it; but, he won't. (I know he's gotten offers.)
- richbell 3y agoBecause housing is a basic need. Pricing people out allows you to raise the floor; keeping units vacant artificially restricts the supply and makes people more desperate. https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent https://www.propublica.org/article/yieldstar-rent-increase-r...
- pharmakom 3y agoUnless you hold the majority of housing in the market, I don’t see how such a large scale collusion can work.
- polski-g 3y agoA single bad tenant can wipe out a decade of rental income.