3 ms·
Vacancy rates in existing buildings couped with massive increases in cost of construction. The new builds will have absolutely horrible yield, the old buildings
by ggm 2y ago
Vacancy rates in existing buildings couped with massive increases in cost of construction. The new builds will have absolutely horrible yield, the old buildings are often vacant to avoid the write down. Nobody wants to play.
- ohmyiv 2y agoAh, that makes sense. Thanks! I sometimes forget the bubble of my work in L.A. One of the developers I work with builds student housing and buys complexes to house some homeless through our agency. They're having no problems with amassing and building properties and maintaining their self-managed buildings. At least in the USC area, it seems like there's no end to the construction boom as long as parents and governments are willing to pay the prices.