This is just the sunk cost fallacy though. You can inflate the paper value of assets by playing games like this, but the bill always comes due in the end. Yes, companies that do this can juice their books a bit in the short term, but they’re harming themselves in the long term.

I mean… That’s kinda what late stage capitalism is all about, squeezing blood from stones on a quarterly basis.

You could create a subsidiary and have that company rent out some of your floor space for absurdly high rates. But you’re ultimately just robbing Peter to pay Paul.

Reminds me of the twin towers. One of the reasons it was such a catastrophe is because the towers were such a money sink that the city of New York subsidized the development by relocating a ton of government offices to there.

Fuck, these companies might actually be violating the law. Deliberately choosing unproductive business practices just to cook your real estate books is something Enron would do.

Pretty much the standard quo nowadays…why invest in things like labour when you can just inflate the worth of assets for free? Capitalism is about reducing cost while simulating growth, there is no reason to actually invest in the company if you can simulate investment enough to make share price go up.