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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: fosse76 12:10 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - ryhog 11:20 am EST 01/08/19 | |
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| As long as landlords continue to get tax breaks on un-rented real estate, they have no incentive to lower rents or negotiate favorable rates. | |
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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: ryhog 01:38 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - fosse76 12:10 pm EST 01/08/19 | |
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| I have no clue what you are talking about. There are no tax breaks for keeping space unrented. There is no logic in keeping a space unrented. Landlords want more rent, not no rent. What disincentivizes lower rents is greed, not taxes. |
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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: Snowgrace 02:30 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - ryhog 01:38 pm EST 01/08/19 | |
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| Best new group of owners! Bottomless cup of reasons to love Mr. M! And here's betting he'll keep on any of the great team members (including the sweet guy who has loyally worked the front counter since 2004 or earlier) who want to stay... | |
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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: Michael_Portantiere 02:30 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - ryhog 01:38 pm EST 01/08/19 | |
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| "I have no clue what you are talking about. There are no tax breaks for keeping space unrented. There is no logic in keeping a space unrented. Landlords want more rent, not no rent. What disincentivizes lower rents is greed, not taxes." Perhaps we have a miscommunication here, but what you wrote flies in the face of everything we have read that has gotten SO much publicity lately, with FINALLY a move to eliminate such tax breaks. Without getting too far off topic, can you please explain what you mean? To clarify: Just because some landlords keep properties unrented for tax breaks doesn't mean ALL of them do. A lot of landlords throw out tenants when their leases are up in order to get other tenants who can afford to pay higher rents. |
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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: ryhog 05:59 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - Michael_Portantiere 02:30 pm EST 01/08/19 | |
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| what tax break are you talking about? to the best of my knowledge there is not a tax break in existence that produces more revenue than rent. If you know something I don't, I'll be happy to hear about it. | |
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| re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop | |
| Posted by: Michael_Portantiere 10:24 pm EST 01/08/19 | |
| In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - ryhog 05:59 pm EST 01/08/19 | |
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| "'Many landlords prefer to wait for area rents to increase before committing their real estate to long-term leases with relatively fixed terms,' the paper from the Economic Development Committee claims. 'If these landlords have deep pockets and large property portfolios, it may make more financial sense to claim a tax loss on vacant property than to rent at a non-optimal value.'” | |
| Link | Vacancy tax article |
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