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Well, the other side of the financial engineering project is that he can donate a Warhol to a museum and get a tax write-off for the value of the painting--a va
by brendoelfrendo 5y ago
Well, the other side of the financial engineering project is that he can donate a Warhol to a museum and get a tax write-off for the value of the painting--a value that is likely set primarily by his actions.
Not something you can do with a house, I grant you. You'd more likely end up in a bubble situation where property just churns through the hands of investors until the bubble pops and someone is left holding the bag.