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    • WarmSoda@lemm.ee
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      1 year ago

      Companions like this very rarely own property. They rent space from the property management companies that bought the land and constructed the buildings.

      • sugar_in_your_tea@sh.itjust.works
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        1 year ago

        Yup. If you own a building, you need to pay someone to maintain it. If you rent a building, you get all of that in the contract and it’s one less thing to manage.

        Also, you can relatively change buildings if you need more space, whereas if you own it, you need to sell it first.

      • WarmSoda@lemm.ee
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        1 year ago

        Forgot about that shit. The guy’s such a scumbag. Hasn’t paid rent since he moved in and then tried to renovate? He seriously needs to be knocked down a few billion pegs.

    • clutchmattic@beehaw.org
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      1 year ago

      Most of those IT platform companies only rent their premises as it helps improve the balance sheet and quarterly results by moving “capital expenses” into “operational costs”

      • OttoVonGoon@beehaw.org
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        1 year ago

        I believe part of it is that managing huge buildings is actually a pain in the ass and requires specialized experience to do efficiently, so many companies end up saving money by not owning their buildings.

      • WarmSoda@lemm.ee
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        1 year ago

        Well that, and the fact it costs huge amounts of money to own land in cities.