Re:Facebook’s next project: American inequality
by pixl97 on Tuesday February 20, 2018 @09:21PM
(#16426334)
>but there is a lot of individual incentive to “defect” and rent your speculative/parked real estate.
Ah, look it's someone that has never rented property before.
a) You rent your house in a city in California. You figure out your renter is trash, and is trashing your house. You can't move them out for months and they do tens of thousands of property damage in the meantime.
b) You live in a city with rent price fixing.
c) You don't have time to manage the property, but have been burned by poor rental management companies.
Ah, look it's someone that has never rented property before.
a) You rent your house in a city in California. You figure out your renter is trash, and is trashing your house. You can't move them out for months and they do tens of thousands of property damage in the meantime.
b) You live in a city with rent price fixing.
c) You don't have time to manage the property, but have been burned by poor rental management companies.