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Bay Area homeowners are hiring a sword-wielding man to help them kick squatters out of empty properties: ‘The average squatter has no melee experience’ (www.independent.co.uk)

submitted 2 days ago by throws_lemy@reddthat.com to c/nottheonion@lemmy.world

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[–] surewhynotlem@lemmy.world 5 points 1 day ago (1 children)

Corporate landlords lose more by drops in real estate price and lowering of rent averages than a handful of empty properties. They have scale.

[–] scarabic@lemmy.world 1 points 13 hours ago

In theory. Long term vacancy is not in any corporate landlord’s plan, though. They will adjust rather than seek impossible rent forever. And aside from large apartment buildings, most residences (75% of 1-4 unit buildings) are owned by small landlords who don’t give a shit about network effects.