dr_scientist@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agoRenting: Can bidding wars be stopped?www.bbc.co.ukexternal-linkmessage-square11fedilinkarrow-up180arrow-down14file-text
arrow-up176arrow-down1external-linkRenting: Can bidding wars be stopped?www.bbc.co.ukdr_scientist@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agomessage-square11fedilinkfile-text
minus-squarestolid_agnostic@lemmy.mllinkfedilinkarrow-up7·7 months agoSome people would rather earn no money than some money. It’s weird and what happens commonly in Buenos Aires. I think it might be the sunk cost fallacy.
minus-squaredeegeese@sopuli.xyzlinkfedilinkarrow-up13arrow-down1·7 months agoFor investment property, the rent determines how much you can borrow against the property. Long term it’s sometimes better to leave empty for a while than take the valuation hit.
minus-squarestolid_agnostic@lemmy.mllinkfedilinkarrow-up1·edit-27 months agoIs “a while” 5 - 10 years? We’re not talking about leaving it open for a season, but rather for years and years on end.
Some people would rather earn no money than some money. It’s weird and what happens commonly in Buenos Aires. I think it might be the sunk cost fallacy.
For investment property, the rent determines how much you can borrow against the property.
Long term it’s sometimes better to leave empty for a while than take the valuation hit.
Is “a while” 5 - 10 years? We’re not talking about leaving it open for a season, but rather for years and years on end.