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submitted 1 week ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] Cocopanda@lemmy.world 0 points 6 days ago* (last edited 6 days ago) (1 children)

It’s not investors. It’s that people create a corporation to own the property they own. To protect them from taxes and inheritance issues.

Edit: I only know this from a 4x4 app I use that details every plot of land owner. Lots and lots of shell companies to protect people’s assets.

[–] dangling_cat@piefed.blahaj.zone 2 points 6 days ago (1 children)

Sounds like they have too many houses.

[–] Cocopanda@lemmy.world 1 points 6 days ago

They usually only own the one property.