Re:The WeWork IPO
by creeble on Tuesday August 20, 2019 @01:25PM
(#20749526)
Except, as noted above, real estate leases usually don't get renegotiated. I don't know if it's because of the long time frames or exactly why, but landlords frequently would rather leave a building empty than not get their rates.
[ Parent
| on HN ]
It’s because there are huge tax incentives for “under preforming” real estate investors. It’s honestly maddening. You literally get to deduct everything short of your desired “market” rent (even if the market can’t bear it, you just need a team of appraisers on your side) and you can even include upgrades and entrepreneurial risk as a deduction.
https://www.nreionline.com/finance-investment/struggling-vac...