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Florida Homeowners Call It Quits: Selling Hurricane-Damaged Homes to “Quick Buy” & “As Is” Vultures
(lakelandgazette.info)
this post was submitted on 16 Nov 2024
99 points (100.0% liked)
Housing Bubble 2: Return of the Ugly
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Who is funding these "vultures"?
You know those ads in most money articles? The ones where you can own fractions of real estate? Well, it’s that and many other venture funds.
If you own a house now, good for you. Enjoy while you can until they change the laws to benefit businesses and penalize single home owners. The system is working as structured.
my man/woman.... US tax code is already providing sufficient tax advantage esp at institutional level for this. Trump's last round of tax reforms was merely a cherry and we are about to get more of this shit.
This combined with overall favourable tax treatment of legal entities, anyone with capital is in better position to buy and rent, then you our sorry asses buying today.
being a working pedon is literally being boxed into exploitation and most people can't even point at the perp... amazing system.
I don't trust anyone who spells favorable with a 'u' when it comes to US anything, let alone tax code.
You don't need to trust anything, IRC is posted online for anyone who cares to read it.
Also, preferential treatment of real estate investments is pretty commonly know fact in the US.
A simple example is something like a REIT, which are an investment vehicle used to own a lot of mutli family properties within US. These can be listed on an exchange too
This is just one example;)