Empty homes??
I live in a desirable suburb of LA and went on a walk today in my neighborhood before dinner. I noticed at least 3 modestly sized houses sitting completely vacant in a 3 block perimeter. My nosey ass took it upon myself to see when their last sale date was thinking, idk, maybe new tenants haven't moved in yet? Come to find out each of them have been owned by the same people for 20+ years, respectively.
What could possibly be the benefit of this? Pay property tax on a house you are neither living in nor renting? Why?