Comment on ‘This is stealing’ ; Instagram account lets you squat in metro homes
CanadaPlus@lemmy.sdf.org 4 months agoI don’t think speculation is a big factor, actually. Rentals don’t earn money without renters and they don’t appreciate nearly fast enough to make up for the lack of income.
In my country at least there’s just measurably less houses than there needs to be.
FontMasterFlex@lemmy.world 4 months ago
depends on where you are. i bought a new house 3 years ago and within a year the value of my house had increased nearly 100k.
CanadaPlus@lemmy.sdf.org 4 months ago
That’s one hot market.
Most of the time they don’t do that, though, and there’s a good chance if you had rented it out the wear and tear would not have reduced that value very much, so there’s still not a lot of “opportunity cost”.
FontMasterFlex@lemmy.world 4 months ago
to be fair it’s leveled out since. it’s still up that much, but didn’t continue the meteoric rise.