Hacker News new | ask | show | jobs
by jedberg 1107 days ago
Here is an article about it where someone had a similar skepticism as yourself:

https://www.bloomberg.com/news/features/2023-02-21/another-t...

Also, I didn't say tax breaks was the only reason. I also said commercial real estate prices. Even companies that don't own buildings need commercial real estate to stay up, either because their owners own some elsewhere, or because other business products are priced based on commercial real estate (one common example is corporate insurance treasuries often hold a lot of corporate real estate).