Re:Why do commercial spaces sit vacant?
by atmavatar on Wednesday December 17, 2025 @05:23PM
(#46306406)
> This just seems like everyone involved is playing make-believe about the actual value of their property.
That's precisely what's going on.
It's a common theme among wealthy individuals/organizations to treat property as having value X for some purposes and Y for others - e.g., like pretending stock holdings are worth X for the sake of taxation while being able to secure loans by representing the stock valuation as Y.
That's precisely what's going on.
It's a common theme among wealthy individuals/organizations to treat property as having value X for some purposes and Y for others - e.g., like pretending stock holdings are worth X for the sake of taxation while being able to secure loans by representing the stock valuation as Y.