I wonder what their long term goal is. Surely it isn't only to invest ridiculous amounts of money into property with a low potential return on investment. Either real estate investors are taking crazy pills again and we're due for another collapse, or there's a more sinister long term game here.
My city used to be this way too, and the last two years all rent has skyrocketed.
By no coincidence I'm sure, the property is getting all bought up by giant out-of-state property management companies.
It's a systemic problem, move and you'll be good for two years before it follows you there.
I wonder what their long term goal is. Surely it isn't only to invest ridiculous amounts of money into property with a low potential return on investment. Either real estate investors are taking crazy pills again and we're due for another collapse, or there's a more sinister long term game here.