4 ms·
If in the mid-19th century these were gifted to the railroad companies as 99 year leases, the value to the companies wouldn't have been very different, but we w
by bufordsharkley 9y ago
If in the mid-19th century these were gifted to the railroad companies as 99 year leases, the value to the companies wouldn't have been very different, but we wouldn't be in thrall to them today.
- BRAlNlAC 9y agoand what if the railroads looked at the 99 year lease offer and said, "no thanks fam"? What if is such a pointless game to play.
- bufordsharkley 9y ago99 year leases have been very, very common throughout history. Simply doing a present value calculation yields the result that to an investor, a 99 year lease and a 999 year lease are approximately the same value today.