Owners can’t get a reliable tenant to cover the carry costs and doesn’t want to live in it.
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This will be a huge story as we move through the decade.
Where did all the renters go?
Answer: They don’t exist, there is a low supply of renters, unless you believe all the migrant and illegal migrant hype.
Numerous homes in my area have been off the market for 10-15 years, just sitting there vacant.