Comment by Jblx2
6 months ago
If you can pretend that 50% occupancy @ $500k per year total rent is a temporary market slump, why can't you also pretend that 100% occupancy at $700k in rent is also a temporary market slump?
6 months ago
If you can pretend that 50% occupancy @ $500k per year total rent is a temporary market slump, why can't you also pretend that 100% occupancy at $700k in rent is also a temporary market slump?
This also confused me, especially since we know that over time rents would be raised so maybe in a few years you do hit the target of a million?
Empty unit? The right tenant is coming any day now. Rented unit? Can't be rented to imaginary rich/stupid people.
> Rented unit? Can't be rented to imaginary rich/stupid people.
No, but you can raise the rents. Best case scenario, they pay the higher price. Worse case scenario they leave—which leaves you exactly where you were before, with some extra money in your pocket.