Sentences with phrase «turn real estate losses»
On the federal level, while the wages of ordinary workers find no shelter from the Internal Revenue Service, exemptions and special preferences for landowners whittle down their taxes or turn real estate losses into profits.
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In the case of real estate, it's a matter of turning a blind eye to staggering losses, says Patrick Chovanec, a professor at Tsinghua University's School of Economics and Management in Beijing.
«We have a very flexible real estate portfolio which gives us time to try to turn around underperforming locations, without the potential burden of long - term losses that would otherwise prevent us from taking these risks,» he said.
Small - town real estate has to provide high returns in good times to offset the higher risk of loss when the market turns downward.