this post was submitted on 23 Dec 2023
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Although I agree with the sentiment - I am curious how the system works with landlords having so many unoccupied units in some cities. Especially business/commercial/industrial landlords. It keeps rent artificially high, while reducing some types of overhead I would guess.
Speculation. Some investors are more interested in holding the property until they can sell it in the future for a profit, rather than the rent they would earn now. Some landlords will have negative cashflow even if they are charging rent because they know they can sell the property for a profit later.
So if the housing market crashed like really bad, by say everybody owning multiple homes being suddenly unable to afford the loans for that many homes, what would happen?
The banks would have to repossess the properties. And sell them on the market, but with many homes to sell, the price would come down crashing.
One can dream.