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In this particular case, the owner has had full ownership of these properties for over 50 years. No mortgages necessary. The value of the properties have proba
by johnnyApplePRNG 5y ago
In this particular case, the owner has had full ownership of these properties for over 50 years. No mortgages necessary.
The value of the properties have probably increased 10 fold above the rate of inflation in that timeframe.
>Empty building with no maintenance tend to wear down and often get graffitied and broken into
That's exactly the reason why they should be incentivized to get a proper tenant in there ASAP.
I don't want to walk a downtown filled with barred windows and security guards behind every storefront.