• @AdolfSchmitler@lemmy.world
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    132 months ago

    You might think if a company has tons of empty houses or more likely apartments that the company is losing money because nobody is paying rent but that’s not entirely accurate.

    Companies do take losses since they have to pay property tax and stuff but they just use that as a tax write off against their profits so they don’t have to pay as much in taxes so it’s not even a complete loss for them. :/

    • @delirious_owl
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      112 months ago

      It is a complete loss for morality. It really doesn’t matter if its profitable or not.