Some banks mostly offer fixed-payment variable mortgages which allows homeowners to keep monthly payments the same, but leaves them vulnerable to paying little off the principal, experts say.
  • PizzasDontWearCapes@sh.itjust.works
    2·
    1 year ago

    Write-offs are only applicable if some other part of the business is making money

    If the entire business is owning a few properties and they are all in the red, there’s nothing to write off against

    • sbv@sh.itjust.works
      2·
      1 year ago

      For small-scale landlords the loss would count against their regular income. For professional landlords, they probably have other properties.