4 ms·
The occupancy of apartments, especially luxury ones, cannot be assumed. The average number of people living in them also cannot be assumed to be constant. Of c
by killingtime74 10mo ago
The occupancy of apartments, especially luxury ones, cannot be assumed. The average number of people living in them also cannot be assumed to be constant.
Of course the article doesn't mention statistics around either of these.
- knollimar 10mo agoThere's an article about luxury apartments sitting empty. Condos of the living dead or something similar that gets passed around in the construction field around these parts. Notably prescient
- fuzzfactor 10mo agoThose that have other assets which are outperforming real estate can sometimes be the only ones who can actually afford some of the properties, which can change hands until they come to rest under such a situation. At which point they can afford to hold on to them through lean times in anticipation of future appreciation, and in that case it doesn't make much difference if there is anyone living there or not.