01-30-2023, 04:46 PM
I don't know if this is the right thread for this or whether the subject of this article is a problem in Canada, but this interesting article talks about the practice of large landlords in New York City warehousing empty apartments in order to create artificial scarcity and keep rents excessively high. It also talks about a company that supplies software to landlords that helps companies to indirectly collude on maintaining high rents.
New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much? Getting to the bottom of a COVID-era real estate mystery.
New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much? Getting to the bottom of a COVID-era real estate mystery.