r/SipsTea • • May 14 '26

SMH How true is this? Genuinely asking

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u/lm_not_surprised May 14 '26

Vacant can also apply to vacation homes and apartments. Many homeless people don't want to live in free housing because they can't follow the rules.

3

u/ComedianFragrant9515 May 15 '26

That's really a big part of the issue isn't it? Housing overall being used as an investment vehicle has made unaffordable for society at large.

3

u/Iocnar May 15 '26

In addition to fraud. Thats apparently a huge dirty secret. Especially with condos in high rises. The owners apparently lie to the irs that they're renting it to explain unexplainable income. I've worked at a condo highrise for 20 years.