Just because you build them doesn’t mean someone is going to stay in them, my apartment is only like a quarter filled because most of the owners don’t live in anymore
Makes me wonder if there's towns whose only residents are in witness protection and their keepers. Some I'm sure are communities abandoned by the developer for some reason, like bankruptcy, zoning, environmental contamination, etc. Or partially built as tax shelters, maybe taking far more tax credits than they should by passing off cheap unfinished houses as unoccupied rentals.
One of the buildings shown is like 5 minutes from me, ill have to go and make a pilgrimage. But i feel that the landlord theory shouldnt be disregarded as mich as you did. I work with these people and most of them have this complex about owning the most units. One of my clients bought a building that was basically abandonded with plans to renovate, which he has yet to do years later. Looks like a regular building on the surface but its completely abandonded inside
@@PreparedMotionbeing a landlord is insanely profitable, the people i work with have tens of millions of dollars in disposable income. They also have a complex about how much they own which causes them to buy buy buy and ask questions later. It doesn't matter to them if one building is profitable because their cash cow building they own outright and every penny of rent they collect is pure profit so they just buy up property to brag about to their other landlord buddies. Sounds unreasonable but these types are the most evil and vile individuals I've ever met. One particularly horrible individual walks around with a T-shirt that says "no pay, no stay"
Great video thanks for sharing
thanks for watching!
Just because you build them doesn’t mean someone is going to stay in them, my apartment is only like a quarter filled because most of the owners don’t live in anymore
Makes me wonder if there's towns whose only residents are in witness protection and their keepers.
Some I'm sure are communities abandoned by the developer for some reason, like bankruptcy, zoning, environmental contamination, etc.
Or partially built as tax shelters, maybe taking far more tax credits than they should by passing off cheap unfinished houses as unoccupied rentals.
Those are some really good points, that makes a lot of sense!
One of the buildings shown is like 5 minutes from me, ill have to go and make a pilgrimage. But i feel that the landlord theory shouldnt be disregarded as mich as you did. I work with these people and most of them have this complex about owning the most units. One of my clients bought a building that was basically abandonded with plans to renovate, which he has yet to do years later. Looks like a regular building on the surface but its completely abandonded inside
Super interesting, I wonder what the point of people doing that is?
@@PreparedMotionbeing a landlord is insanely profitable, the people i work with have tens of millions of dollars in disposable income. They also have a complex about how much they own which causes them to buy buy buy and ask questions later. It doesn't matter to them if one building is profitable because their cash cow building they own outright and every penny of rent they collect is pure profit so they just buy up property to brag about to their other landlord buddies. Sounds unreasonable but these types are the most evil and vile individuals I've ever met. One particularly horrible individual walks around with a T-shirt that says "no pay, no stay"
@@PreparedMotion Probably using the property as a tax credit to offset the profit from other properties.
9 seater!?😮
"Fake buildings" shows real buildings.
real…fake buildings