• Kelly@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    8 months ago

    Suddenly everyone who owns apartments or other rental property in a major city immediately sells it (even if just to be demolished) and kicks out the current renters.

    Why? Paying for demo would be costing them more money. Same with sitting on it without tenants.

    • davidgro@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      8 months ago

      What I mean is that they couldn’t afford to keep it in any way and may end up selling it at just the land value (if that)