Interesting.
I look out at the skyline in and around Washington D.C. and haven’t seen this many Construction cranes since the late 1990’s. All building office buildings when the current occupancy rate is at or near all time lows.
Now I understand that the “Owners” can and will “Depreciate” that “Asset” and they are motivated by an artificially low “Cost of funds”. They don’t care if they go un-leased since the our tax code allows them to use these “idle assets” as a loss against any producing assets.
Where is the wealth?
Ownership of a physical thing?
I will take $20 from my left pocket in order to put $50 in my right all day long.
Is the difference considered wealth?
“Interesting.
“I look out at the skyline in and around Washington D.C. and haven’t seen this many Construction cranes since the late 1990’s. All building office buildings when the current occupancy rate is at or near all time lows.”
I look out at the rest of the country and see no cranes at all only “AVAILABLE”, “FOR SALE/LEASE” signs hanging on one hook, blowing in the wind.
“They don’t care if they go un-leased since the our tax code allows them to use these “idle assets” as a loss against any producing assets.”
“Where is the wealth?”
China.
“Ownership of a physical thing?”
Perhaps Ownership of A physical thing that produces other physical things, i.e “producing assets.”
“I will take $20 from my left pocket in order to put $50 in my right all day long.
Is the difference considered wealth?”
Imo, The key to real wealth would be your “producing assets”; and using tax code to offset “idle assets” would be “financing”.