[snowwindwaves]

Lots of people buy real estate in can Vancouver and leave it empty instead of renting it out. It is a safe place to park money and the hassle and wear of tenants isn't worth the money they pay when the market has been going up so much.

I've heard there is a city in Australia that also has loads of empty condos bought by investors... Surfers maybe?

Buying a house and not living in it or renting it is definitely a thing

[brianbreslin]

this happens in miami ALL the time. tens of thousands of empty apartments owned by foreigners parking their cash.