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LawyersGunsandMoneys OP t1_j1exh48 wrote

Reply to comment by Luis__FIGO in Opinion: CT must act on Fairfield County education, housing issues by LawyersGunsandMoneys

Also (sorry) but if rental companies are only interested in create money for their owners, why would they leave apartments vacant? It seems like that’s just leaving money on the table- with a vacant apartment you’re just paying the carrying costs of taxes/upkeep, with no return.

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Luis__FIGO t1_j1ey0a7 wrote

If you reduce the rent you devalue your own property, and then get other tenants asking for reduced rents etc.

I down own a rental company, you can ask them why they do it, I have just have lived, and have friends who currently live in apartment buildings with vacant apartments which would obviously rent if they were reduced.

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bombbad15 t1_j1hlkmw wrote

I remember reading a while back that commercial building owners are perfectly ok leaving their buildings vacant for YEARS as it becomes some sort of write off and can be more advantageous than reducing rent prices. Same concept may be applied to residential as I’d guess their projections are based on a certain level of vacancy.

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