I never thought I’d end up at a place in life where I worry about real estate valuations, but here we are. In my condo building, things are getting decrepit. I wondered why no one else seemed to care then I realized I’m in the minority of owner-residents, every one else rents out, so they don’t care about how it looks. They just care about rents coming in.
Then I wondered why they don’t care about losing value, then I realized, no one is losing value, some units here sell for the same price as a single-family home in the suburbs, even with the graffiti and homeless people wandering the street.
julietOscarEcho@sh.itjust.works 22 hours ago
It’s mad given that Scotland technically is quite pro-renter. You just can’t enforce anything so landlords have learned not to give a fuck. A friend viewed a tennament they were trying to let with no kitchen (as in no cooker fridge or sink). Like something out of trainspotting.