Comment by fundad

This is such corporate welfare BS. I especially don’t get it for tech companies whose employees eat lunch on campus.

With big tech, I think it has more to do with real estate holdings being part of the portfolio and they would have to write down the value. Then the hedge funds where executives invest would also have to write down their real estate holdings and lose value.

I am dying for commercial real estate to be written down so hard in the US that the Federal Housing Administration buys it and converts it to public housing.