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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 12:46 pm to baldona
Posted on 4/29/24 at 12:46 pm to baldona
quote:
I don’t honestly think you can actually believe this. If you don’t care about your profit for the next 3 years, you won’t make it to year 4
Your problem is you are thinking on a mom-and-pop operation level.
These firms have backers with deep pockets. The same type of investors that prop up tech firms for decades while they try to become profitable.
RE "losses" also have huge tax advantages for these investors
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