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ClownTamer on scored.co
1 year ago2 points(+0/-0/+2Score on mirror)
It’s really bad in the Bay. Nearly every building is owned by someone from India or China. With the commercial ones, they’ll typically just leave them vacant if they can’t find a tenant that’ll pay some stupid $100k/month fee to lease there because it’ll make the property values look lower on paper, and because they’ll write off the theoretical lost rent on their taxes.
Residential housing should not be allowed to be an asset. Completely ruined the entire housing market over time. And foreigners and corporations shouldn’t be allowed to buy them. They’re not even living in them.
Residential housing should not be allowed to be an asset. Completely ruined the entire housing market over time. And foreigners and corporations shouldn’t be allowed to buy them. They’re not even living in them.