memes

10679 readers

2625 users here now

Community rules

1. Be civil

No trolling, bigotry or other insulting / annoying behaviour

2. No politics

This is non-politics community. For political memes please go to [email protected]

3. No recent reposts

Check for reposts when posting a meme, you can only repost after 1 month

4. No bots

No bots without the express approval of the mods or the admins

5. No Spam/Ads

No advertisements or spam. This is an instance rule and the only way to live.

Sister communities

[email protected] : Star Trek memes, chat and shitposts
[email protected] : Lemmy Shitposts, anything and everything goes.
[email protected] : Linux themed memes
[email protected] : for those who love comic stories.

founded 2 years ago

MODERATORS

[email protected]

1114

The system is broken (lemmy.zip)

submitted 11 months ago by [email protected] to c/[email protected]

261 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] abraxas 2 points 11 months ago

Apartment valuation is calculated on operations not on the market

Apartment valuation in my area spiked until the ROI crossed 10+ years. People stopped buying apartment buildings for a while except as owner-occupied with renters to assist. But in my area, none of those reach anywhere near a net-zero mortgage. The market absolutely still has an effect on valuation in most areas.

But two towns over, people are selling apartment buildings with 2-3 year ROIs, and they're being swept up by one of a small handful of investors. Building maintenance is terrible, and there's very little interest in the legal risk of being slumlords except those who are already slumlords over 40-50 buildings or more.