4 ms·
REIT's are a huge work around for Prop 13, the REIT can change hands dozens of times, but the underlying property is never sold.
by Aloha 4y ago
REIT's are a huge work around for Prop 13, the REIT can change hands dozens of times, but the underlying property is never sold.
- foogazi 4y agoThats what I mean for companies too - the value of the land is part of the company or funds valuation REITs are traded on the value of the underlying asset - unlike a homeowner that does not extract value from their property Properties packaged in tradable shares should be re-appraised annually at least