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And she’ll get even more millions if she waits. She can also develop apartments, collect rent, and maintain ownership. And she can wait as long as she wants to
by paulsutter 8y ago
And she’ll get even more millions if she waits. She can also develop apartments, collect rent, and maintain ownership. And she can wait as long as she wants to do either.
EDIT: of course she needs to pay property taxes but that’s her choice isn’t it
- arkades 8y agoNot precisely, no. Her taxes will still be assessed on the market value of the property - meaning she's got to have enough revenue from the business (or just general personal wealth) to pay taxes on what the government will assess as incredibly valuable land, for a factory. She can easily end up with a net loss. Or draining all her resources until she ends up having to sell anyway.
- AnimalMuppet 8y ago> And she’ll get even more millions if she waits. Probably, but maybe not. 2008 happened; something like it could happen again.
- paulsutter 8y agoI bought 15 houses in 2009. Still own them. Have collected more in rents than I paid for the houses.