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If your property is business or income-producing property, such as rental property, and is completely destroyed, then the amount of your loss is your adjusted basis.
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Income-producing property can be a superb investment.
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If you also have income producing investments such as rental property or dividend paying stock or bonds, your position is even stronger.
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When the mortgage is paid off, you property becomes a cash-producing annuity.
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The acquisition of the Ekati Mine, and its operating team, is expected to close next week giving us operational control of both a producing mine and development opportunities in the large scale resources on the Ekati property.
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Seattle continues to flex its tech muscle, and REITs, in pursuit of rising property values and rental rates, continue to invest in income-producing properties there.
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Capital charges are higher for commercial property than for homes but banks can still be seduced by the apparent stability of a real asset producing predictable cash flows.
ECONOMIST: Bricks and slaughter