I didn't arrive at anything. Its the actual reality of what happens here on the ground. You not being able to imagine something like that because of your cultural bias does not make it any less real.
> Real estate is expensive to maintain
Not as much as the value appreciation.
> If you think the US housing crisis is due to investors letting houses “rot” then you clearly don’t understand the situation at all.
Speak for yourself.
https://finance.yahoo.com/news/housing-crisis-u-flipped-upsi...
In my neighborhood, there are at least 3 unoccupied homes within a 3 minute walk. We live in an area with accelerated entropy (the forest) and the homes are, by any useful metric, rotting. I will let you guess if in the past 10 years the value of the homes has gone up or down.
I would love if someone, squatters or not, lived in those properties. I understand things are different in different places, but where I live we have unoccupied homes that could house people. As it is, some private owner swings by once a year to throw another tarp on the roof and then fucks off, leaving an empty home to rot during a housing crisis. Yay, property rights.
This is such an obviously false premise that I don’t understand how you even arrived at it.
Real estate is expensive to maintain. You don’t let real estate appreciate in value by letting it “rot”.
If you think the US housing crisis is due to investors letting houses “rot” then you clearly don’t understand the situation at all.