They continue to do it. And there's a, there's an unfair tax arbitrage there. The you and I have a mortgage. We can deduct the mortgage amount, Institutional investors can deduct the borrowing amount, but they can also expense any repairs and depreciation. So we think that it is a good idea to have them out of the market. (22:08–22:17)
CLAIM
Asserts that institutional investors have tax advantages in the housing market.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
