I cannot argue with you at allβ¦the beauty of running this as a legit non-profit is that as the non-profit stacks SATS it doesnβt need to play the FIAT games and continually refinance the debt on the property. Which means it can limit rent increases to match increases in taxes and insurance and operating costs. Which means it likely keeps rents flat or going down over time (in both FIAT AND SATS).
Iβm telling you this changes the business completelyβ¦
Plus - with accepting rent increases SATS - and as SATS continue becoming more valuable it keeps pushing the rent towards zero or at least the utility value of the building