alt Hacker NewsThey leave it empty (that actually happens a lot, especially with foreign investors) or convert it to their 100th AirBnB.
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tptacek • 08/01/2025
Yes, we get it, they buy the unit and leave it empty. What happens next.
They leave it empty (that actually happens a lot, especially with foreign investors) or convert it to their 100th AirBnB.
Yes, we get it, they buy the unit and leave it empty. What happens next.
Empty properties barely exist as a percentage of total housing supply in high cost of living areas in the US. You’re looking at no more than a few tenths of of a percentage point of NYC’s more than 4 million units.