Sony sell Tokyo office building for 1.2 Billion dollars.

[BeElite]

TruckOSaurus said:

BeElite said:
Good move.

Why companies waste cash of buildings is beyond me, same work can be one in a leased place somewhere else for much cheaper. Apple Google can blow cash on buildings now but they will eventually regret it.

Yeah, buildings are worthless. It's not like that gain value over the years and can be sold for a profit when times get rough... oh wait...

They deteriarate they need massive up keep and then the wonderfull property taxes.

And yes tgey gain value untill a bubble burts and you building is worth a quoter of what you payed for it.  yay.