theHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 days agoTIL: There are 27.4 Empty Homes for Each Homeless Person in the U.Smedium.comexternal-linkmessage-square252fedilinkarrow-up1860arrow-down123
arrow-up1837arrow-down1external-linkTIL: There are 27.4 Empty Homes for Each Homeless Person in the U.Smedium.comtheHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 days agomessage-square252fedilink
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2arrow-down1·2 days agoThats not what depreciation means. If youre trying to say the wear and tear decreases the property’s value, it wouldn’t decrease much more than a rented property, and the investor would have all that rent income.
minus-squareBronzebeard@lemmy.ziplinkfedilinkEnglisharrow-up1·2 days agoAlso they already get a tax break for depreciation…
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·13 hours agoIn most jurisdictions you cant claim depreciation if the property is not available to rent.
Thats not what depreciation means.
If youre trying to say the wear and tear decreases the property’s value, it wouldn’t decrease much more than a rented property, and the investor would have all that rent income.
Also they already get a tax break for depreciation…
In most jurisdictions you cant claim depreciation if the property is not available to rent.