And add in an ‘empty fee’. If a property sits empty for x amount of time, there’s a significant fee added per month until it’s sold or rented. Though people much smarter than me would have to figure out how to prevent rich assholes from just selling to each other to avoid the fee I suppose.
Bottom line, if you buy a place as an asset and the rental market dips below your liking, tough, rent it lower than you planned or get rid of it.
And add in an ‘empty fee’. If a property sits empty for x amount of time, there’s a significant fee added per month until it’s sold or rented. Though people much smarter than me would have to figure out how to prevent rich assholes from just selling to each other to avoid the fee I suppose.
Bottom line, if you buy a place as an asset and the rental market dips below your liking, tough, rent it lower than you planned or get rid of it.
Who determines what is “empty” and how?