Intense competition for places to live is driving rents up and up, but is there hope for change?

I had no idea this was going on.

  • stolid_agnostic@lemmy.ml
    7·
    11 months ago

    Some people would rather earn no money than some money. It’s weird and what happens commonly in Buenos Aires. I think it might be the sunk cost fallacy.

    • deegeese@sopuli.xyz
      131·
      11 months ago

      For investment property, the rent determines how much you can borrow against the property.

      Long term it’s sometimes better to leave empty for a while than take the valuation hit.

      • stolid_agnostic@lemmy.ml
        1·
        11 months ago

        Is “a while” 5 - 10 years? We’re not talking about leaving it open for a season, but rather for years and years on end.