Right now, the folks keeping an empty unit for speculation can afford to keep it empty.
When the less wealthy investors who need to pay a mortgage for their micro-estate empire of 3 units realize the demand is fading, they’ll be forced into lowering rental cost and maybe even selling.
China has seen a ginormous housing value appreciation over decades. The population is shrinking and the correction is happening. It is brutal.
Yeah, that’s still possible. Corps should be banned from buying housing units. People who buy more than one should be taxed with an increasing rate for each additional unit.
Doubt it. There are plenty of empty houses right now.
Right now, the folks keeping an empty unit for speculation can afford to keep it empty.
When the less wealthy investors who need to pay a mortgage for their micro-estate empire of 3 units realize the demand is fading, they’ll be forced into lowering rental cost and maybe even selling.
China has seen a ginormous housing value appreciation over decades. The population is shrinking and the correction is happening. It is brutal.
Well no, they’ll sell to cut their losses. To people richer than them.
Yeah, that’s still possible. Corps should be banned from buying housing units. People who buy more than one should be taxed with an increasing rate for each additional unit.
Edit: typo
Fully agreed