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by tomp
2706 days ago
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2 reasons: - increased demand: wealthy/corrupt foreigners outbid (pay more) local buyers, so more locals are renting instead of buying - lowered supply: if your main motivation is money-laundering and/or long-term stability (e.g. the rich Chinese/Saudi buying property in a democratic, stable, non-corrupt country like the UK), chances are they won't be renting it (the income is negligible), it might just sit empty |
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