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Economy

sandensea

(21,600 posts)

3. What a racket, right?

Reply to Sucha NastyWoman (Reply #2)

Thu Mar 26, 2020, 11:57 PM

Mar 2020

The pretext for this has always been something along the lines of: "Hell bells - how do you expect developers to develop if they can't have that 'depreciation' deduction?"

Yeah, right! As if any developer would pass up the world's biggest real estate market by far, on account of not getting some tax giveaway.

They're just too used to taking everyone else for suckers, that's all.

Trump's specialty.

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Highlight:

Bonanza for rich real estate investors, tucked into stimulus package [View all] sandensea Mar 2020 OP

I used to be a tax accountant customerserviceguy Mar 2020 #1

If they are talking losses due to tenants being unable to pay their rent Sucha NastyWoman Mar 2020 #2

What a racket, right? sandensea Mar 2020 #3