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How private equity is changing housing

(www.theatlantic.com)
115 points harambae | 2 comments | 09 Dec 25 17:26 UTC | HN request time: 0.564s | source
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hardtke ◴[09 Dec 25 18:15 UTC] 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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mx7zysuj4xew ◴[09 Dec 25 20:11 UTC] No.46209989[source]▶
This^, this is how you end up with serfdom
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mx7zysuj4xew ◴[09 Dec 25 22:56 UTC] No.46211881[source]▶
Ah yes, the down votes have started I forgot that this is a forum for the rent seeking class
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1. lemper ◴[10 Dec 25 07:04 UTC] No.46214935[source]▶
not really, mate. usually people downvote replies that add nothing of substance or something similar to reddit reaction reply, you get the gist. but yes, this is a forum of rent-seeking class.
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2. red-iron-pine ◴[10 Dec 25 19:17 UTC] No.46222212[source]▶
nah HN has some pretty aggressive biases.

a lot of temporarily embarrassed millionaires, some of whom may actually cross that threshold.