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06-12-2020, 11:23 AM
#171
Originally Posted by fungus pudding
Equally, and just as silly - 'It's just as well there are people around who don't put their money into shares and instead buy real estate, so the building does not have to be dismantled and the materials returned for a credit when the original developers wants to end their involvement.'
It is unlikely that buildings would be dismantled as the cost of dismantling may exceed any sale proceeds of the second-hand materials.
Anyway the point, which you may agree with, is that a subsequent owner of a business, building or shares is an investor in a productive asset. The product from which is taxable except in the case of a residential building occupied by the owner.
Last edited by Bjauck; 06-12-2020 at 11:26 AM.
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06-12-2020, 11:47 AM
#172
Originally Posted by Bjauck
It is unlikely that buildings would be dismantled as the cost of dismantling may exceed any sale proceeds of the second-hand materials.
Fairly similar to what happens with a company liquidation.
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06-12-2020, 02:55 PM
#173
Originally Posted by fungus pudding
Fairly similar to what happens with a company liquidation.
Companies range in complexity and may or may not own buildings and land.
They may have other assets, staff members, goodwill and intellectual property. Luckily new shareholders mean a liquidation is not necessary and the productivity of the existing company is kept alive.
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06-12-2020, 03:04 PM
#174
Originally Posted by Bjauck
Companies range in complexity and may or may not own buildings and land.
They may have other assets, staff members, goodwill and intellectual property. Luckily new shareholders mean a liquidation is not necessary and the productivity of the existing company is kept alive.
Phew - just like a building that finds an owner.
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06-12-2020, 03:22 PM
#175
Originally Posted by fungus pudding
Phew - just like a building that finds an owner.
So you now agree that buying shares in an established business is a productive investment?
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06-12-2020, 04:28 PM
#176
Originally Posted by Bjauck
So you now agree that buying shares in an established business is a productive investment?
Why end a statement with a question mark?
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06-12-2020, 05:28 PM
#177
Originally Posted by fungus pudding
Why end a statement with a question mark?
Because it is a question! The word order in the sentence indicates an element of surprise at what seems like a volte-face in your position...
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06-12-2020, 06:15 PM
#178
Originally Posted by Bjauck
Because it is a question! The word order in the sentence indicates an element of surprise at what seems like a volte-face in your position...
If it's a question, then I don't agree.
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08-12-2020, 06:59 AM
#179
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08-12-2020, 08:25 AM
#180
Originally Posted by kiora
Would be good - and productive too.
Unfortunately many people buying rental property wouldn't have the nouse to run a small business. Residential property is much easier.
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