4 ms·
The REIT is making an investment in the housing; they're due a return, otherwise no one will invest in this type of housing, and thus there will be no housing.
by greedo 11y ago
The REIT is making an investment in the housing; they're due a return, otherwise no one will invest in this type of housing, and thus there will be no housing. Pretty simple economics. No return on investment, no investment.
And the REIT does pay taxes to EPA, property taxes. If they have employees based in CA, they pay payroll taxes as well. It's not as if some faceless Borg is siphoning out the good people of EPA's money without contributing anything.
- backtoyoujim 11y ago> he REIT is making an investment in the housing; they're due a return That is not how investments work. No one is "due" anything. You seem to be saying strong-arm tactics are OK on vulnerable populations because profit is at stake. That sounds rubbish.
- greedo 11y agoAn investor expects to make a profit; barring a strong turn towards marxism in the west, this will continue.
- rosser 11y agoSure, an investor expects a profit. He's due exactly nothing, however.
- wlievens 11y agoYou are entitled to nothing!
- greedo 11y agoWell, the BI/minimum income people will now start to tell you that society owes everyone...
- jessaustin 11y agoThe argument as I've seen it is that society will be better off in terms of various measures: equality, innovation, opportunity, peace, etc. That seems easier to sell than anyone "owing" anything.