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Lowering the rent to fill their building reduces the value of that building, which means when they sell it, they will recognize a loss that is likely larger tha
by dec0dedab0de 10mo ago
Lowering the rent to fill their building reduces the value of that building, which means when they sell it, they will recognize a loss that is likely larger than many years of operating loss from the empty building.
The specific buildings I was thinking about have paid more in taxes alone than their asking price.