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Old_Geezer@lemmy.ml to Toronto@lemmy.ca · 2 years ago

Why are so many big-city condos sitting empty?

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Why are so many big-city condos sitting empty?

www.youtube.com

Old_Geezer@lemmy.ml to Toronto@lemmy.ca · 2 years ago
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Why are so many big-city condos sitting empty? | About That
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In the midst of a housing supply crisis, thousands of condos in Canada's largest cities are sitting empty. Most, experts say, are less than 500 square feet. ...
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    2 years ago

    Hadn’t thought of that. How would they get their money out if the asset can’t be sold?

    • invisiblegorilla@sh.itjust.works
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      2 years ago

      I don’t think it would matter. Put a loan against it. If the debt defaults, someone else inherits it…

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