Re:Goodbye, New York, California and Illinois – Hello where?
by Spooky23 on Friday January 17, 2020 @07:27PM
(#22081185)
The storefronts are only there because of significant state tax credits for including them.
Like all things real estate, there’s some other tax angle where the owners make more money demanding commercial rents above what the market can afford than actually renting it. They probably securitize the losses somehow.
Like all things real estate, there’s some other tax angle where the owners make more money demanding commercial rents above what the market can afford than actually renting it. They probably securitize the losses somehow.