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by titzer 1850 days ago
What's the difference if it's empty? Same loss of revenue. And sure, some maintanence/upkeep for tenants, but given how fast properties rot when vacant, that's probably a wash.

Rent seeking with someone else's money? Yeah, that's risky.

4 comments

> What's the difference if it's empty?

Was it empty though? There is a shortage in housing and it's pretty rare to have an empty rental in this market. You're injecting conditions that don't really exist to make your point.

> Rent seeking with someone else's money? Yeah, that's risky.

This point is enough.

Oftentimes the landlord covers utilities and lumps that up in to the rent, and I have a place in New England where that is the convention. We pay $500-$600/month for heating oil in the winter. Then we have about $300 in electricity and another $300 for water/sewage.

These numbers might be off but you get the idea.

That's the difference.

If empty you can more readily find another tenant, perhaps at a lower price?
> What's the difference if it's empty?

If it is empty then someone who is willing to pay can rent it.