I’m pretty sure it’s everywhere, especially in big cities with a lot of airbnb. For instance in Montréal there’s hundreds of homeless people, but like 13’000 airbnb (most of them illegals) and thousands of vacant condos in high rise towers (because they are $$$). Downtown office buildings are also empty since covid.
Its crazy to me. Where I live a condo downtown will have 1k assesments and 1k in taxes per month and I have been told. Not sure if its true that there are services that send out a cleaning crew once a month to keep empty ones in good condition. Yeah they are worth a lot but if not rented in some way its 25k a year or more. Makes no sense to me.
I’m pretty sure it’s everywhere, especially in big cities with a lot of airbnb. For instance in Montréal there’s hundreds of homeless people, but like 13’000 airbnb (most of them illegals) and thousands of vacant condos in high rise towers (because they are $$$). Downtown office buildings are also empty since covid.
Its crazy to me. Where I live a condo downtown will have 1k assesments and 1k in taxes per month and I have been told. Not sure if its true that there are services that send out a cleaning crew once a month to keep empty ones in good condition. Yeah they are worth a lot but if not rented in some way its 25k a year or more. Makes no sense to me.
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I would call that pretty risky given housing prices can collapse and you have to pay even if you can’t sell.
I can’t remember if it was a news article or plot of a show/movie…
But there was one couple in like a 30 unit building who lived there for months before realizing they were the only people in the building
Are airbnbs considered empty? If so, that’s not correct and its leading to misleading statistics