this post was submitted on 11 Jan 2024
1111 points (93.2% liked)

memes

10673 readers
2083 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to [email protected]

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

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

Sister communities

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
1111
The system is broken (lemmy.zip)
submitted 11 months ago by [email protected] to c/[email protected]
264 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 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.