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| Re: The South Bronx of the 1980's (962754) | |||
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Re: The South Bronx of the 1980's |
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Posted by GP38/R42 Chris on Sun Aug 1 09:44:48 2010, in response to Re: The South Bronx of the 1980's, posted by W Broadway Local on Sat Jul 31 19:55:31 2010. Thanks for mentioning the landlord and the insurance money. The landlords could not make money for the rents they were use to collecting, so they gave these building up. In other words, the buildings were worth more writing them off, than collecting the rents. Sad.Wow, we are agreeing here. Due to rent control, many landlords couldn't afford to maintain their buildings because the rents were so low. Often, it was "better" for them to just walk away from a building leaving tenants to fend for themselves. Tenants often set a building on fire too, as then they had emergency relocation. It was a complete breakdown of the system on ALL levels. |
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