Ah, so these “massive real estate holdings” cost virtually nothing to them in construction costs, and are designed to require as little maintenance as humanly possible. In addition, their tax obligations on these real estate holdings are virtually nonexistent due to the severely discounted tax obligation they have for “bringing jobs to the area” (even though those jobs are shit). City and county governments fall all over themselves to give them as little tax obligation as possible.
Their “real estate holdings” are as much a drop in the bucket as employee pay.
They’re not the poor. They’re temporarily disenfranchised billionaires who just haven’t joined their contemporaries yet. They’ll never see themselves as the poor.
The gist of it: with each passing decade there’s a growing shortage of construction laborers, resulting in large wait times for housing to be built. Some analysts wonder why the key demographic isn’t showing up....
My cats be like this.... ( lemmy.world )
How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary ( lemmy.world )
Found on imgur imgur.io/gallery/gqItf8e
Why it's impossible for right-wing governments to handle a crisis ( www.msn.com )
Where did the construction workers go? ( www.google.com )
The gist of it: with each passing decade there’s a growing shortage of construction laborers, resulting in large wait times for housing to be built. Some analysts wonder why the key demographic isn’t showing up....