5 ms·
Right, because a run-down building sells for the same price as one in good shape.
by lottin 2y ago
Right, because a run-down building sells for the same price as one in good shape.
- orthecreedence 2y agoYou're just making the bet that real estate value increases faster than the building deteriorates with minimal maintenance. That's often a really good bet.
- lottin 2y agoI don't think that this is the bet. The bet is that the market will not discount the extra repair/maintenance costs that the buyer will have to incur, which is a ridiculous proposition. Speculators gain nothing from letting the property they own rot away.