General Discussion
In reply to the discussion: This Graffiti Artist Had An Interesting Idea You Probably Haven't Thought Of Before [View all]Cleita
(75,480 posts)So, in order to get rent, shouldn't you rent at a marketable value? If people can afford $350 a month but not $700 and your vacant spots stay vacant because you can't get the $700, isn't this a problem? Shouldn't you try to fill those spaces at $350 a month? The reason landlords let rentals go vacant is because the rentals determine the worth of their property so they would rather have them go empty at the last rate they got than lower the rents.
As far as mortgages and foreclosures, there is just so much that is wrong with the present day system, that I truly believe the government will have to step in and take this market from the banks, fix it and then put some regulations in to prevent this from happening again. I would have to write a chapter to define everything that is wrong and that needs to be fixed but I think you get it if you have been keeping up with the news.