Quote:
Originally Posted by The North One
Why sell? Did the city jack up property taxes?
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It is easier and somewhat more stable for landlords to lease properties on the outskirts, as long they're decent.
Same here in metro Paris. Especially when a suburb is well served by the mass transit system.
Buildings in the inner city are more expensive to maintain, so you have to find some sort better-off tenants.
On the decent outskirts, buildings are more modern and/or of a lower standard (no luxury highrise or historic stuff), so you can make sure you get regular tenants when your property is fairly maintained.
It doesn't work if your tenant has a feeling you fool them, though. Your stuff has to be maintained honestly.
Downtown living is just overpriced, obviously for tenants, but even to landlords oftentimes.
It is harder to make it profitable.