Will this transfer residential real estate ownership from individuals to corporations?
Eg, since buying a home becomes even more expensive in the bay area because of property tax and mortgage deduction limitations.
But now, corporations (who have more cash from corp tax reduction, and more leeway with deductions) start purchasing real estate and then offering to rent it to employees as a perk.
Has the additional benefit for corporations, of keeping employees from leaving (since leaving the job means losing your housing)
Will this transfer residential real estate ownership from individuals to corporations?
Eg, since buying a home becomes even more expensive in the bay area because of property tax and mortgage deduction limitations.
But now, corporations (who have more cash from corp tax reduction, and more leeway with deductions) start purchasing real estate and then offering to rent it to employees as a perk.
Has the additional benefit for corporations, of keeping employees from leaving (since leaving the job means losing your housing)