30 The real estate scam works like this. Billionaires buy up many homes/businesses and keep them empty to lower actual supply, raise demand and raise prices. That’s why your rent goes up instead of down. (youtube.com) posted 1 year ago by LightBringerFlex 1 year ago by LightBringerFlex +32 / -2 33 comments share 33 comments share save hide report block hide replies
These people don’t pay any tax whatsoever. You think Blackrock pays taxes?
People that rich are treated as exempt to taxes. They own the IRS.
When the appreciation gained is greater than to property tax paid, yes they do.