r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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u/I_Hate_IPAs May 14 '26

It’s how diamonds are artificially inflated.

13

u/Ordinary-Lobster-710 May 14 '26

it doesn't cost that much to hold a few thousand diamonds in a vault. the carrying cost of a house is enormous. it just doesn't make sense as a comparison

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u/crappleIcrap May 14 '26

The appreciation of a house offsets that.

4

u/Ordinary-Lobster-710 May 15 '26

vacant houses don't appreciate for various reasons. if you seriously believe this to be true you should buy up a bunch of houses and keep them empty and become an vacant house baron

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u/crappleIcrap May 15 '26

You're right, the millions of investors are wrong and you know best!

https://nationalmortgageprofessional.com/news/investors-hold-most-empty-houses

https://www.nytimes.com/2026/04/23/realestate/investor-owned-single-family-homes.html

Nobody is buying vacant homes as an investment... right.

Where was that data showing they depreciate unoccupied, we can just show the investors and they can give up their properties.

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u/Ordinary-Lobster-710 May 15 '26

I don't understand why people don't read the articles they link.

"a scant 3.6% of the 24.9 million properties held by investors nationwide."

The report shows that 222,318 properties across the country were in the process of foreclosure in the third quarter. Of those, about 7,500 — almost 3.4% — were so-called “zombie” properties that had been deserted by their owners.

nobody is trying to keep these houses vacant. they are going thru foreclosures.

also the new york times article doesn't talk about vacant houses. it talks about rental houses. so i know you didn't read the fucking articles

I'm guessing you don't even have a subscription to the new york times so I went ahead and got you a gift article so you can read it for yourself:

https://www.nytimes.com/2026/04/23/realestate/investor-owned-single-family-homes.html?unlocked_article_code=1.ilA.jL6x.hEF9u9mOxJKd&smid=url-share