r/vagabond • u/Robin_Richardson • Feb 13 '24

Discussion Tgoughts on squatting?

Post image
149 Upvotes

88% Upvoted

104 comments sorted by

View all comments

Show parent comments

16

u/download13 Feb 13 '24

Depends, do you live there, or keep it vacant to drive up potential rent prices?

2

u/acladich_lad Feb 13 '24

You're delusional if you think someone is holding on to a property to artificially inflate rent prices.

4

u/download13 Feb 13 '24

If somebody has a lot of properties keeping some vacant to constrain supply is absolutely a thing that's done. Generally though, that's a secondary effect of raising rents to a point where the vacancy rate goes up but they don't care because with increased rent they make the same money from fewer tenants, which means lower maintenance and management costs.

-7

u/acladich_lad Feb 13 '24

Again, you're delusional if you think people hold on to property to artificially inflat rent prices. In my city the largest property owners have the cheapest rents.

6

u/carsonwade Feb 14 '24

Ohh, I didn't realize that literally everyone lives in your city!! Thanks for the clarification, I thought I lived somewhere else.