You can only be certain this strategy works when you know the competition is doing the same. If you have a formal arrangement to coordinate pricing with competitors, you are deep in collusion territory.
at this point, a lot of them are not adjusting rent down because it will reflect on their property value, which is an additional hidden variable in the equation.
It should not be profitable to keep property empty. It is a drain on society.
https://www.c-loans.com/loan-to-value-ratio-for-commercial-l...
This does not factor into any calculation about housing prices, unfortunately, and will likely never be factored in until there's a literal revolution (highly unlikely).
Just like pollution, the homeless are either ignored or bulldozed out of sight and out of mind.
Yes. And it is also amoral. There is a limited supply of housing. Holding it vacant is restricting access to one of the very most critical human needs there is. It might look better on the balance sheet but it is worse for humanity. Thus, the need for regulation and legislation that prevents this sort of thing.