The demolition of a home that size alone can cost upwards to $15-$20,000 with permits for the pipes under ground, above ground wiring, a demolition company with heavy duty machinery, and the tons of debris you need to be hauled to a dump.

I have nurses, an MIT professor who left Boston due to high rent and covid related issues, a teacher, and even a textiles engineer to give you an idea of the type of individuals that this area attracts.

Yeah it's been a while and I believe that yes, I understand how the machinery works now. 

All this material and machinery was on site, for no extra cost.

VII.PERSONAL PROPERTY INSPECTION AND REPAIR: Seller warrants that all major appliances, heating, cooling, electrical, plumbing systems, and machinery are in working condition prior to closing.

VII.PERSONAL PROPERTY INSPECTION AND REPAIR: Seller warrants that all major appliances, heating, cooling, electrical, plumbing systems, and machinery are in working condition prior to closing.

North Carolina was known for tobacco, textiles and furniture.  

""the us and Taiwan lead in....." no, it would just be Taiwan, the US produces diddly squat in contrast to Taiwan" The USA and Netherlands make the machinery that is required to make the make advanced semiconductors. 

It also points to a DISMAL failure of the US machinery to anticipate, understand, deal with a pandemic and lately the extreme immaturity of the population to show the discipline and restraint needed to thwart the virus.

Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."