4 ms·
That's an illusion. It is not as liquid and there is no mark-to-market but prices absolutely do fall during a recession if real estate were to trade.
by pishpash 4y ago
That's an illusion. It is not as liquid and there is no mark-to-market but prices absolutely do fall during a recession if real estate were to trade.
- frankbreetz 4y agoThe comment was about tax ebing raised by the state, illusion or not it affects taxes the same
- pishpash 4y agoSo you're saying it's like medieval lords, extract the same tax regardless of economic circumstance. That can be done without the roundabout via real estate.