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I am not here to nit pick about this post, but this made me think: > owning a lot of houses is not a good business Generally, I agree. What do you think
by throwaway2037 1y ago
I am not here to nit pick about this post, but this made me think:
> owning a lot of houses is not a good business
Generally, I agree. What do you think makes commercial (office) buildings different? Probably 90% are owned by insurance companies, private equity, and pension funds. My guess: Scale matters. Also, maybe I am blinded by big cities, but second tier cities and below might have lots of small fry landlords that own one or two small commercial buildings
- BobaFloutist 1y agoOffice buildings are different because companies have more money and lower standards (for acceptable density) than residents.
- astrange 1y agoI'm not sure, but I know everything about CRE is totally different from residential. Office buildings are generally larger, and the tenants are more professional and more likely to pay for maintenance themselves.