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Joined 11 months ago
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Cake day: August 8th, 2024

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  • It really depends on situation.

    Rentiers that possess tens, hundreds or even thousands of estate absolutely do rent some of them, but they still keep some (if not most) of them empty. By keeping the market unsaturated, they keep their rent high. If they just let out all their estates, prices would go lower due to lesser demand. They are not penalized for abusing the market, instead they are actually being rewarded by the fact that their unrented properties’ value is constantly increasing due to appreciation.

    There are also minor landlords that have some additional rentable estate, but they often choose not to be bothered, and they just sit on it for years until their offspring grows up and decide to live there. Or they just sell it in the meantime and get lots of profit for nothing.