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by pasabagi 1823 days ago
> If making it available is such a no brainer, why did they sell the building?

Rent is incidental to the real profit that you make from owning a building - asset value appreciation. Often developers do cut out the middleman. It's also sometimes a simple matter of where your credit is coming from and what interest you're paying - obviously, high interest rates push you towards a quick sale, etc.

I honestly don't think it should be controversial that rent is a form of rent, that is, a type of income that derives from simple ownership of something, not from any service or product. But you know, here we are.