• whyrat@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    2 days ago

    Fair enough, it does happen. Relevant background: https://nationalmortgageprofessional.com/news/investors-hold-most-empty-houses

    The states with the highest vacancy rates in investor-owned properties were:

    Indiana (7.2%); 
    Illinois (6.1%); 
    Oklahoma (5.9%); 
    Alabama (5.9%); and 
    Ohio (5.8%). 
    

    States with the lowest vacancy rates were:

    New Hampshire (0.9%); 
    Vermont (1%); 
    Idaho (1.2%); 
    Utah (1.5%); and 
    North Dakota (1.5%).
    

    I’d argue my sentiment remains, investors for the most part rent out property, they don’t typically hold it vacant. When they do it’s more likely vacancies are transitory (trying to find a renter) than long term and intentionally kept vacant.