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Incendiary titles, written by ignorant writers, looking to impress politicians, and rattling the cage in order to gain eyeballs. There are many reasons NOT to
by willart4food 7y ago
Incendiary titles, written by ignorant writers, looking to impress politicians, and rattling the cage in order to gain eyeballs.
There are many reasons NOT to own a piece of Real Estate under an individual name, under a trust (for estate purpose) comes to mind and it's now very cheap to do and the public in general is more educated on it; so that alone accouts for a large chunch of declining in % of homes owned by individuals.
Then there are the Real Estate investors/entrepreneur landlord and flippers; who for liability purposes use LLCs.
And yes LLC need not to disclose the name of their unitholders (shareholders). So what? That is not a problem.
Yes money laundering is an issue, but picking the fact that LLC (and Corporation) are not required to disclose the name of their shareholder is not an issue. In some part of the world, those are called "Anonymous Society", sounds cool, but it ain't inherently bad or malicious.
Can we have better writing and reporting instead of these emotionaly-driven pieces?
- Thorrez 7y ago>And yes LLC need not to disclose the name of their unitholders (shareholders). So what? That is not a problem. Why isn't it a problem? > Tenants can’t figure out to whom to complain when something goes wrong. Local officials don’t know whom to hold responsible for code violations and neighborhood blight. That seems like a problem to me.