[chiefalchemist]

Actually, it does. Value is based on perception in the market - empty or not. This is how the bubble works. Sure, leave a unit empty and it'll effect supply and thus price. But no one is knocking on doors checking occupancy. What is looked at is recent sales in the area.

The seller prices off that. The buyer gleams value the same way. Housing prices are subjective. Very much so. And this is why sale prices are so effective.