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Posted by: Quicheo 12:02 pm EST 01/09/19
In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - Michael_Portantiere 10:24 pm EST 01/08/19

This makes much more sense. So it's not that there are tax incentives to leave a property fallow, it's that those with means are willing to take a loss in the short run (and cushion it with claiming this loss on their taxes) in hopes of landing a more lucrative tennant in the future and recouping this loss over time.
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