Chris.....great article. Keep em coming. I support removing the depreciation from single family residence AND multi family residence and Commercial building. Homes/buildings do not get "used up" in the course of business. If the business owner is unfortunate and the value of the building decreases, they will recognize the loss when they sell. This will cause all housing prices to decrease as corporate ownership with decrease (you made this point). Cost segregation should be allowed for paint, carpet and other items that get used up in the course of business.
Chris.....great article. Keep em coming. I support removing the depreciation from single family residence AND multi family residence and Commercial building. Homes/buildings do not get "used up" in the course of business. If the business owner is unfortunate and the value of the building decreases, they will recognize the loss when they sell. This will cause all housing prices to decrease as corporate ownership with decrease (you made this point). Cost segregation should be allowed for paint, carpet and other items that get used up in the course of business.