[throwaway29319]

Not only that, but every empty apartment contributes to pushing up the prices by being empty.

Then, when the prices hit peak value in a decade or two the investors might sell and keeping the apartment empty was more effective than renting it.

[iguy]

But you can have an agency manage it for you, for about 10-15%, in any city.

Keeping it empty long-term means leaving on the table an amount of money comparable to the mortgage. You could fill it and buy another one! If they both appreciate, all the better.

[maxxxxx]

Aren't a lot of these real estate investments about safely parking money and not about chasing profit?