2min chapter

Crash Course With Michael Walker cover image

How Property Investors Screw Us All w/ Anna Minton [Preview]

Crash Course With Michael Walker

CHAPTER

Do People Live in These Places?

When I wrote Big Capital, I think 25% of properties in Knights Bridge were empty. There was a significant feeling that a lot of the local restaurants and amenities had become much emptier. This phenomenon of lights out London, where you'll go past developments and you can just see that the lights aren't on. It's the same in New York where people buy for speculation and they don't buy to live. But some of the properties probably are lived in. Sometimes you get these very wealthy individuals who may own six homes around the world in desirable locations. They will spend a bit of time every year in them. They'll be lived in occasionally.

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