you know society is working great when an entire generation of people can't afford comfortable living space while like 40%* of houses are LITERALLY EMPTY because speculators own them

* i don't recall the exact figure

@icedquinn you got baited by leftie economic comprehension, in the vast majority of cases it's more worth it even for speculators to lend those houses out. Sure, they may gain value by sitting there, but they can earn more money and degrade not much faster when actually used. The empty housings you hear about are usually in bumfuck nowhere where people are running away from and literally nobody wants to buy them for any reasonable price, nor does anyone want to rent them.

@Amikke there were some places around here where they were holding the houses closed hoping to get escaping californians overpaying for the houses

@icedquinn that's funny. Still a tiny minority compared to the actual percentage of empty housings the lefties love to throw around and blame on Evil Speculators.

@Amikke we live in a time where rich people aren't exactly rational actors
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@icedquinn people generally aren't rational actors, but renting out living space is such free money that the only reasons for not doing it are:
1. You are a monumental idiot and if you still have any money it's not for long. (Happens, but not commonly enough to consist for most of the empty housings.)
2. You're too old to deal with this shit. (Happens, but not for long by nature.)
3. The laws of renting out apartments are so retarded that they've done the unthinkable and made it legit not worth it. (Possible, but rare and places that implement those usually go into an economic death spiral pretty fast.)
4. You are hoping for an opportunity to sell them off so soon and for so much higher price that it's worth sacrificing short-term profits to have the housing ready. (As you mentioned happens, but not common and not for long.)

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