Submitted by Metlman13 t3_11c9i85 in UpliftingNews
ApostateX t1_ja5jr0h wrote
Reply to comment by EmbarrassedNaivety in Florida city opens nature preserve after citizens helped save it by Metlman13
Not the commenter you responded to, but I think they're overstating the problem a bit. Some of these places are purely used as second homes. The owner only lives in them for a very limited part of the year, and the rest of the time they sit empty. They're also used as investment properties. Maybe a company buys them to sit on the unit(s) for several years hoping to flip and sell, or they could be foreign purchased units....
Ultimately, if you're not earning money from a commercial or residential tenant then they're not "making money" off the property . . . until it's sold. And I *think* that's the point the other commenter was making.
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