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EmbarrassedNaivety t1_ja5hvnc wrote

Reply to comment by DatGearScorTho in Florida city opens nature preserve after citizens helped save it by Metlman13

How do they make money off of it if there are no tenants? Sounds like it’d cost a lot of money to build and maintain something like that so I’m just curious the reasoning if they don’t intend to rent out

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ApostateX t1_ja5jr0h wrote

Not the commenter you responded to, but I think they're overstating the problem a bit. Some of these places are purely used as second homes. The owner only lives in them for a very limited part of the year, and the rest of the time they sit empty. They're also used as investment properties. Maybe a company buys them to sit on the unit(s) for several years hoping to flip and sell, or they could be foreign purchased units....

Ultimately, if you're not earning money from a commercial or residential tenant then they're not "making money" off the property . . . until it's sold. And I *think* that's the point the other commenter was making.

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