Because of the city tax conditions and depreciation schemes available, enough capital will turn a net negative run cost into a positive capital sale in less than 10 years. It's the same thing as flat asphalt parking lot developments that covered southern california commercial land until the 90s.
It seems to be a gamification of city growth incentives.
So we went from buying a home to rent out to buying land and you only need to be able to sustain losses for 10 years. Ok great. I'm sure you are already a Millionaire Real Estate Developer by now.
eg https://www.silverstarcarwashes.com/latest-news/silverstar-c... (this is of 6 planned)
Because of the city tax conditions and depreciation schemes available, enough capital will turn a net negative run cost into a positive capital sale in less than 10 years. It's the same thing as flat asphalt parking lot developments that covered southern california commercial land until the 90s.
It seems to be a gamification of city growth incentives.