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115 points harambae | 1 comments | | HN request time: 0s | source
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hardtke ◴[] No.46208389[source]
One of the issues the article doesn't mention is that these houses are effectively cheaper to purchase for corporate owners. Generally they can borrow money at a lower rate, but the ability of corporate owners to use depreciation on a new purchase to offset profits from previous purchases is more significant. Effectively they are redirecting money that would be paid in taxes into the payments on the new purchase.
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1. shadowpho ◴[] No.46208556[source]
> Generally they can borrow money at a lower rate

There is some tax tricks you can play, but in general homes for primary residence is lower then secondary/rent, which is a big proportion of cost.