Quote:
Originally Posted by ramonesfreak
Squatters are not the reason why rents are high flint
Squatters are in Venice and in Compton and the rents I’m sure are what you would expect given the market forces at work, such as supply, demand and value
Same in NYC
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While I imagine all the above is true, as a businessman faced with potential squatters/inability to evict tenants, I would have to keep rents high enough to cover the potential loss of at least 5 or 6 months of rent every couple of years vice the typical one month every couple of years I do for my properties.
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