Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Aubrey McClendon will not be down for corn flakes.!
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="761mph" data-source="post: 2855726" data-attributes="member: 197"><p>maybe the property was bought for future tax write offs</p><p>kinda like all the absentee owners of dilapidated apt. complexes on the west side of OKC</p><p>they buy a run down complex, board it up, fence it off and let it get burned and stripped, then the city has to come in and level the property at tax payers expense because it's a nuance and hazard to safety </p><p>now they have a cleared property, in a desired area, with a low tax of bare land (because the city cleared it !), they can show it as a "investment " and use it for trading or collateral for borrowing more money, to buy more dilapidated complexes an adding to their portfolios, all that shows up on paper is "we own XX amount of prime location property"</p></blockquote><p></p>
[QUOTE="761mph, post: 2855726, member: 197"] maybe the property was bought for future tax write offs kinda like all the absentee owners of dilapidated apt. complexes on the west side of OKC they buy a run down complex, board it up, fence it off and let it get burned and stripped, then the city has to come in and level the property at tax payers expense because it's a nuance and hazard to safety now they have a cleared property, in a desired area, with a low tax of bare land (because the city cleared it !), they can show it as a "investment " and use it for trading or collateral for borrowing more money, to buy more dilapidated complexes an adding to their portfolios, all that shows up on paper is "we own XX amount of prime location property" [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Aubrey McClendon will not be down for corn flakes.!
Search titles only
By:
Top
Bottom