30 The real estate scam works like this. Billionaires buy up many homes/businesses and keep them empty to lower actual supply, raise demand and raise prices. That’s why your rent goes up instead of down. (youtube.com) posted 355 days ago by LightBringerFlex 355 days ago by LightBringerFlex +32 / -2 33 comments share 33 comments share save hide report block hide replies
This is also why San Francisco passed a tax on longterm empty rentals.
came to post this. SF has a lot of shit ideas, but this wasn't one of them.
this has been done in vancouver and toronto for almost 20 years...(only recently in toronto)
hasnt made a lick of difference ... and its a bad idea...