4 ms·
I think the answer to your perplexity lies somewhere buried here: > The couple that own it own several properties across my city Without knowing which city yo
by woodpanel 2y ago
I think the answer to your perplexity lies somewhere buried here:
> The couple that own it own several properties across my city
Without knowing which city you’re talking about I can assure you this is rather common.
The moment a property becomes just one out of many (assets) in your portfolio your necessity to let becomes a mere annoyance.
Many of the housing market imperfections could be at play here, but it certainly doesn’t help that renters are increasingly unable to afford to become first time buyers.
- ryandrake 2y ago>> The couple that own it own several properties across my city There always seems to be this common thread running through these discussions, but few want to address it. It's just build build build, moar moar moar. The problem isn't that there aren't enough homes. The problem is that so many homes are owned by so few people/entities and are often vacant. We shouldn't allow people (often foreign investors or private equity firms) to buy a home, leave it vacant, and sit on it as an investment as if it were a bar of gold or something.
- mhb 2y agoIncreasing the supply by building will make the value of their investment go down and encourage them to rent or sell to someone who will.