There are a lot of unused homes and abandoned buildings in my area that the city, county, and/or state refuses to do anything with. They've been left alone for years because someone or some people are just sitting on them. Meanwhile mortgage and rental prices keep going up and up and it's been made pretty obvious that it's artificially done, even accounting for the supposed "high volume of people who want to move into California."There’s a problem with Chinese investors buying homes in California and then not maintaining or using them for anything. It’s a way to get their money out of China. There’s a documentary on how it affected a number of neighborhoods in the Bay Area.Foreign investors buying homes and leaving them empty is a problem in London too. Probably in most major cities. A lot of people also buy to let, which can be a problem when insufficiently regulated. Property is seen as an investment, and lack of home-building and development of brownfield sites keeps property prices rising
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