I’ve been saying CEOs should be making real estate donations to the cities theyve pillaged, for the expressed purpose of affordable housing/low income housing. Huge tax write-off. Turn this negative into a positive real easy.
It’s almost like these are the kind of decisions CEOs get paid 1000x more than I do to make.
It’s not about control, it’s about billions of dollars having been invested in commercial real estate.
For some. For others, it’s the other.
For some, both.
But, they would save billions of dollars by selling it back. This is textbook sunken cost fallacy.
I’ve been saying CEOs should be making real estate donations to the cities theyve pillaged, for the expressed purpose of affordable housing/low income housing. Huge tax write-off. Turn this negative into a positive real easy.
It’s almost like these are the kind of decisions CEOs get paid 1000x more than I do to make.
Sunk cost fallacy.