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Hmm I’m not sure about that. How would the non profits get enough capital to own all the real estate? Universities are a counter example because they are well c
by changoplatanero 3y ago
Hmm I’m not sure about that. How would the non profits get enough capital to own all the real estate? Universities are a counter example because they are well capitalized.
- JumpCrisscross 3y ago> How would the non profits get enough capital to own all the real estate? Borrow it? If leasing back property from a non-profit were all it took, I'd "donate" my house to a non-profit in exchange for a lease at a rate lower than the property tax. The moment you sketch that out, however, you notice the holes that add back more taxes, e.g. the below-market lease now being taxed as income.