3 ms·
There are so many abandoned commercial buildings throughout some of the Boston suburbs. From what I understand, people keep the rents high to increase the value
by jarbus 2y ago
There are so many abandoned commercial buildings throughout some of the Boston suburbs. From what I understand, people keep the rents high to increase the value of the building so they can borrow against it, and leave the buildings unoccupied. I hope this changes soon
- bnjms 2y agoWhere would one read about how the system works here? I’m not understanding why a lending body would lend against the theoretical value of a buildings rents rather than the actual maximum monthly rents over the last ~3 years.