Quote:
Originally Posted by someone123
(there was tons of construction during the 80's boom that ended circa 1990).
|
That was an exciting era for project financing. The boom in those decades was helped along by the tax code which allowed Limited Partnerships to pass along fast write-offs of "soft costs" and capital cost allowance to high marginal rate taxpayers. Silent investors in the 50% bracket were jumping into a lot of speculative projects excited about the tax break.